What happens when a family member dies and they left a significant amount of debt? Can creditors come after the surviving relatives to collect? Is an inheritance affected by that debt? When a family suffers a loss of a loved one, many times there is an issue of the decedent’s debt. The survivors often ask if they will become liable for the debt. Unless a family member entered into a contract as a co-borrower, or a guarantor of the debt, then the answer is most likely no. But, there is also the issue of inheritance that comes into play if the decedent had assets. When a decedent has assets and a lot of debt, that could affect the inheritance that could be received by the survivors. _________________________________________________________________________ THIS VIDEO IS INTENDED FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT CREATE AN ATTORNEY/CLIENT RELATIONSHIP. General Website: Debt Buyer Help ... ( read more )
LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)