
Debts After Death
What happens to your debts after you die? Do your debts die with you, or will your family wind up getting harassed by creditors and debt collectors? The answer is complicated, because when people die, their estate goes into probate, and the estate owes the debt. If there isn't enough money in the estate, it typically goes unpaid. But there are exceptions to this rule. It all depends on the circumstances. According to the Federal Trade Commission (FTC), family members usuall... CONTINUE READING