I was recently asked to address the question of whether or not a surviving spouse is liable for a deceased spouse's credit card debt. Assuming this is a small estate and there is no probate estate or a trust holding assets, the following three questions need to be answered: First, are you contractually liable for any of the credit card debts? If you and your spouse applied for the credit cards using your joint credit (applied for the card jointly), then both of you are liable for the debt. If … [Read more...] about Decedent’s Credit Card Debt
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