Do You Inherit Your Parents' Debt?

BlogHer Spotlight

I actually didn't know the answer to the question of whether or not adult children are responsible for their parents' debt after death until I read this post by Coach Suzanne.

elderly couple

Credit Image: Akash_Kurdekar on Flickr

She writes:

The Credit CARD Act of 2009 requires the executor of an estate to be informed of the amount quickly, and requires credit card issuers to stop tacking on fees and penalties during the time the estate is being settled.

But wait, there's more!

Read more from Aging America: In Over Their Heads? at My Care One Blog