Where Do Your Debts Go When You Pass Away?

What Happens to My Debt When I Die?

Your estate generally owes any of your debts.  Your  creditors will come before your heirs. The the rest of your estate is then given to your heirs. Any Guarantors or Co-signers will assume your debt.

According to federal law, a surviving spouse – with proof of financial ability and creditworthiness – will be able to take over the mortgage if you die, rather than paying the full balance back to the mortgage company.

Make a will and get a life insurance quote now.

Read more ...

Profit from my 35+ years experience working with high net worth individuals, families, entrepreneurs and businesses, helping them create wealth, keep their wealth and pass it on to the next generation. You can benefit too. I have made and lost millions in the stock market and you can benefit from this too. Ever since I have been searching for Safe Income Strategies and Solutions. We use three Safe Income Strategies that are focused on keeping your money safe, paying more than Bank CDs, Money Markets and Treasuries without the gut wrenching downside and yo-yo volatility of Stocks, Bonds and Mutual Funds. These Strategies Work. During the Financial Market meltdown of 2008 and 2009 none of our clients using these Strategies lost money due to market volatility.

Share this article

Leave a comment

Your email address will not be published. Required fields are marked *

Plugin Sponsor WordPress Premium Plugin