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What happens to your debt when you die?

Upon hearing the word inheritance, most people tend to have positive associations. They think assets, and their mind goes to savings, real estate, jewelry, art work and cars among other things. But what about debt? If there’s a balance on your credit card when you die or a loan hasn’t been paid off, what will your creditors do? Will they hold your heirs accountable? As so often, that depends. Generally […]

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