Question by curious: My widowed mother has large credit card debt. When she passes away what will happen with this debt?
She is paying a monthly insurance fee on 2 cards that would pay off the debt in case of death. Is this necessary? The fees are quite high for her limited income..
Thank you
Best answer:
Answer by Slimick
It will be handled during the probate of her will…her creditors will have first pick on assets/money.
In terms of the insurance…it’s bad for her….but good for whoever might be listed as an heir in her will…
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