August 29, 2009
What kind of complications could be added to my life if I were to inherite?
bestgoodgirl asked:
a business that is in debt? vehicles that have loans? Homes that have mortgages on them? How would this work for me ? And what if my credit is not worthy of taking over these loans ? How does this work ?
a business that is in debt? vehicles that have loans? Homes that have mortgages on them? How would this work for me ? And what if my credit is not worthy of taking over these loans ? How does this work ?
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Comments on What kind of complications could be added to my life if I were to inherite?
You don't inherit debt unless you were already a coborrower or cosigner for it. The deceased party's estate is responsible for paying off debts out of the estate's assets, prior to passing the remaining assets to the heirs.