About Debt and Dying
I’ve been asked to talk about debt and dying, a topic that affects more and more people today. It’s too bad that an aging population must contend with debt in…
If parents die in debt, do children inherit the bills? Not necessarily
By Luann Lasalle The death of a parent can sometimes mean financial turmoil for surviving relatives, but advisers say that lingering debts aren’t the responsibility of the adult children in…
Financial Literacy for Seniors
November 28, 2012
What do seniors need to know to be financially literate? This is an excellent question, not just for the financial literacy month of November, but one that the BC Centre for Elder Advocacy and Support and the Canadian Centre on Elder Law tried to answer in their detailed publication entitled Financial Literacy 101.
Inherited Debts or Debts After Death
Nope! No Way! Show me my signature.
What if someone dies, can they leave their debts to you? The short answer is no.
Debts do not transfer by virtue of marriage or death – not without your signature.
