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The CFPB explains when you would be responsible for a deceased person’s debt. This includes: This includes: Sharing a joint credit card account with the deceased.
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 ...
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.
June 17, 2024 at 10:48 AM. ... the surviving spouse might be responsible for debt left behind by the deceased person. ... your spouse is responsible for the debt.
If the surviving spouse isn't responsible for the debts, then they're paid from the deceased's estate. Assuming there are assets in the estate, then the executor -- the person in charge of ...
There may also be financial stress if a spouse leaves behind credit card debt, outstanding loans or other monetary obligations. You may be wondering: Am I responsible for my spouse’s debt after ...
A copy of the death certificate of the AOL account holder, issued in the United States; A copy of the requester's government-issued ID; and; One of the following documents: • A copy of the will of the deceased AOL account holder giving the requester access to digital assets; or
Ask if the deceased’s account has been appropriately flagged as “deceased — do not issue credit” to protect their information from potential fraud. 5. Request a copy of your loved one’s ...