Do You Inherit Your Parents' Debt?
By My Care One Blog on October 18, 2011
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.
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!