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Articles : What Happens to My Debts When I Die?

What Happens to My Debts When I Die?

By: Stephen M. Breitstone

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Sarah Max, author from MONEY Magazine interviews partner, Stephen M. Breitstone to find out what happens to your debts after you die.

What happens to your debts after you die depends on the type of debt, whether anyone cosigned the loan, where you live, and the size of the estate you leave behind.
If you are married, your surviving spouse will have to assume responsibility for the outstanding debt if he or she cosigned the loan.

http://time.com/money/4213098/what-happens-debt-when-die/