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If you have credit card debt, you may have wondered, what happens to credit card debt when you die? When you die, your credit card debt does not die with you.

Before passing on wealth to children or a surviving spouse, any outstanding debts must be settled.

In most cases, surviving family members are not obligated to settle a deceased relative's credit card balances. However, you may be responsible for paying your deceased loved one’s credit card debt if you cosigned for a credit card,

Creditor-safe assets

Don't freak out if the credit card bills of a departed loved one are more than their estate is worth. In the instance the estate doesn’t have enough money to cover all of the deceased’s debt, state law will determine which debt is the highest priority.

Death and Credit Card Debt

The best way to keep your loved ones from having to deal with your credit card debt is to responsibly manage your credit card balances while you’re alive. You can make it easier to pay off your credit card balance, for instance, by not charging the maximum amount each month.

Having a will or trust in place can help your loved ones understand your final wishes regarding the distribution of your assets and, in some situations, allow them to avoid the time and expense of probate.

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