What happens to your loans if you pass away?
in Banking, Insurance & Loans ·
I’ve got a bit of a mess on my hands and some questions... please help me out here.
So, here’s the deal: my parents are in the middle of a divorce, and both my mom and I have already moved out of the family home. Since my dad isn't exactly the most stable guy, I'm getting pretty anxious about one thing... if he were to pass away before the divorce is actually finalized, would my mom be stuck inheriting his debts? I mean, thank God this legal process is going to drag on for a while, but between the credit cards and all the other nonsense he's racked up... does she get stuck with it?
So, here’s the deal: my parents are in the middle of a divorce, and both my mom and I have already moved out of the family home. Since my dad isn't exactly the most stable guy, I'm getting pretty anxious about one thing... if he were to pass away before the divorce is actually finalized, would my mom be stuck inheriting his debts? I mean, thank God this legal process is going to drag on for a while, but between the credit cards and all the other nonsense he's racked up... does she get stuck with it?