Does credit card debt need to be paid once a person dies?
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Does credit card debt need to be paid once a person dies?
There is not enough money left to pay both those designated in the trust and the credit card debt.
Asked on February 5, 2018 under Estate Planning, California
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
You don't give much by way of details. However, any assets that a deceased person leaves must first be used to pay off their debts. Any distribututions to beneficiaries/heirs, is made only after that. If nothing is left after paying off creditors, then no inheritance can be distributed.
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