Debt

A simple answer is no—the obligations owed by your family members and loved ones will not be transferred to you if they die, and your debt will not be transferred to someone else should you die…. For example, joint and co-signed debt becomes your obligation if the other co-signer dies. Is wife liable for deceased […]

During a divorce, marital or separate debt has a major impact on how debt is handled. The majority of assets and liabilities accrued during a marriage are regarded as marital property, as explained in detail by the Georgia State Bar. Prior to marriage, a person’s assets are considered their own. Separate property and debts remain