
Do Heirs Pay Credit Card Debt?
It’s a morbid yet common worry: What happens to credit card debt when you die?

It’s a morbid yet common worry: What happens to credit card debt when you die?

I am one of three daughters who will inherit our home when our parents pass away. They have a mortgage on the home and some credit card debt. Would it be wise for us to purchase their home before their death, so their mortgage debt is paid off?

If you get bogged down with a high balance that you can’t easily afford to pay off, it can take years to get out of debt. However, what happens to your credit card debt, if you die before you’ve repaid it?