Debt
Learn how debt impacts estate planning and inheritance. Understand debt settlement priorities and explore strategies to protect your legacy from creditors.
What happens to my debt when I die?
When you pass away, your debts typically become the responsibility of your estate, not your heirs personally. The estate must pay outstanding debts before distributing assets to beneficiaries. If the estate lacks sufficient assets to cover all debts, some debts may go unpaid, but family members generally aren't liable for them unless they co-signed or are otherwise legally obligated.
