Your debts may die with you, but that does not mean those you love will not be affected by it. The type of debt, where you live, and the value of your estate all affect the complexity of debt at death. There are several ways to make sure that debt does not make a complete mess of your estate, such as consistently reviewing your debt, considering life insurance, and meeting with an estate planning attorney. So, if you would like to provide for your loved ones after your death, you should not let poor planning get in your way and create a plan that allows them to relish in your legacy.
See Christine DiGangi, Americans Are Dying with an Average of $62K of Debt, Fox Business, March 21, 2017.
