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Heritage Law Office Blog

Use Your Will to Dictate How to Pay Your Debts

Posted by Brad Sarkauskas | Apr 26, 2018 | 0 Comments

The main purpose of a will is to direct where your assets will go after you die, but it can also be used to instruct your heirs how to pay your debts. While generally heirs cannot inherit debt, debt can reduce what they receive. Spelling out how debt should be paid can help your heirs. If someon...

What Happens to Your Debts When You Die?

Posted by Brad Sarkauskas | Apr 03, 2018 | 0 Comments

When you die, your debts do not expire with you. Most debt still needs to be paid off, if possible, although who is responsible for paying the debt depends on the type of debt, and some assets are protected from being used to satisfy a debt. Outstanding debt may include mortgages, credit card bi...

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