Wednesday, February 2, 2022

do heirs have to pay credit card debt or forgiven when you die and during the probate process

Probate Attorney OKC

do heirs have to pay credit card debt or forgiven when you die and during the probate process? During the probate process there is secured debt and unsecured debt. Mortgage and car loans are usually secured debt during probate process. Credit card debt is unsecured debt of probate estate. If there is money in the estate, then credit card debt will most likely get paid our of the probate estate. Credit card debt can slow probate process if not handled correctly.

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0:00 Start
0:11 Am I responsible for parent's credit card debt
0:50 Secured debt
1:41 Credit card debt
2:56 Credit card debt belongs to the Estate

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Why probate takes so long

Watch on YouTube here: Why probate takes so long Originally published by Cortes Law Firm