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If the credit card debt was incurred before marriage and the deceased spouse was the ... and file the forgiveness as “income” after a child’s death. ... of a surviving spouse if the debt was ...
Being a co-signer on a loan for the deceased, where there’s outstanding debt Living in a state where the law requires surviving spouses to pay particular kinds of debt. This is most common in ...
Being a co-signer on a loan for the deceased, where there’s outstanding debt Living in a state where the law requires surviving spouses to pay particular kinds of debt. This is most common in ...
Spouses: Some states require community property — that is, property shared between spouses — to be put toward debt when a spouse dies. These states include Arizona, California, Idaho ...
By far, the saddest cases in my years as a financial advisor were assisting widows after their spouses' deaths. Not only does a surviving spouse have a great deal to manage emotionally, but the ...
Where Does Your Spouse's Credit Card Debt Go When They Die? U.S. Credit Card Debt Rises - and So Does Delinquency Shedding $120,000 in Credit Card Debt Saved Her Life
Collecting debt from a deceased person may sound unpleasant, but there are plenty of legitimate reasons why you might need to collect against an estate -- and ultimately impacts your personal...
If the estate is insolvent, your spouse may be responsible for the debt, depending on the situation. Tax debt, for example, is typically your spouse’s responsibility if you filed a joint return.