It is important to note that while these debts may not automatically pass on to relatives, the estate may still be responsible for paying them off using the deceased’s assets. Additionally, creditors may still try to collect on the debt from the estate, which can reduce the amount of inheritance left for beneficiaries. It is essential to consult with an attorney or financial advisor to understand your specific situation and legal obligations.

It’s important to note that while these debts may not be inherited, they may still need to be paid from the assets in the deceased person’s estate before any remaining assets can be distributed to beneficiaries. Additionally, if there is not enough money in the estate to cover these debts, creditors may try to collect from surviving joint account holders or co-signers. It’s always best to consult with a legal professional for guidance in these situations.

Debts that may NOT be inherited include:

Car Loans
Credit Card Debt
Home Equity Line(s) of Credit (HELOC)
Medical Debt
Mortgages

CALL ZERMAY LAW, MOST DECEASED DEBTS ARE NOT COLLECTABLE AGAINST YOU.