Q: Hi, If an personwith no will dies & leaves credit card bills, are the heirs liable for them?
The heirs are the receiptants of a life insurance policy.
A: No, unless those debts were incurred during a marriage then the spouse may be liable. However, if there are assets in the estate, heirs who receive those assets can be liable to the extent of the value of the assets. Decedent's assets are to be used to pay debts before distributions to heirs.
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