The Shocking Truth about What Happens to Your Debts When You Die
Outstanding debts can be a burden during one’s lifetime, making many wonder what will happen to their unpaid debts after they die. The good news is that in most cases, the debt is passed on to the deceased person’s estate rather than to their loved ones. This means that creditors will first go after the assets in your estate before contacting your beneficiaries. In spite of this, the rules for settling the debts of a …