Understanding Liability for Debt from Deceased - Protect Your Future Generations
According to AARP.com, “No one has an obligation to pay the debts of a deceased person who was not their spouse. And even a spouse’s obligation may be limited under state probate law.
That’s why the FTC advises consumers that if there isn’t enough money from a deceased person’s estate to cover certain debts, those debts “typically go unpaid” and family members are not responsible for them.”
At Hawaii Debt Solutions we review your credit history including loans to see if you have co-signed for any loans and other issues that could be a liability that could be passed to spouses or future generations.