If a parent dies with credit card debt and a child is not on the card-does the child owe the debt
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If a parent dies with credit card debt and a child is not on the card-does the child owe the debt
The father of a friend of mine passed away with credit card debt. Does my friend
now owe that debt? His name was not on the card. The banks says he owes it.
Asked on March 27, 2017 under Estate Planning, Arizona
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
Unless you friend was also listed on the account, they bear no responsibility for payment. Beneficiaries/heirs do not inherit debt. That having been said, the estate is responsible for such a debt.
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