Duration 6:28

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

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Published 25 Aug 2021

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. Download our ESTATE PLANNING STRATEGIES TO PROTECT YOU AND YOUR FAMILY https://geni.us/strategies Estate Planning for Dummies https://amzn.to/2NNXak7 Aging in the Right Place https://amzn.to/2ZvYavY Estate Planning Basics Ninth Edition https://amzn.to/3s5ZJgm Estate & Trust Administration For Dummies https://amzn.to/3dvLpcZ 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 /watch/Qb18oUojzL8j8 YOUTUBE Playlist: “Who needs an Estate Plan” /watch/MCzKPXSWFSJWK “Oklahoma Power of Attorney” /watch/0X-HK3qFJj2FH “2019 Estate & Gift Tax Exclusions” /watch/QdLxV7pizR8ix “Incapacity Planning” /watch/oJIduCLlR5eld “Health Care Power of Attorney” /watch/MVsiUJQt0bUti “Living Will” /watch/Q-ELr2p9vyB9L “HIPAA Authorization” /watch/cIzvWLAilsoiv ... NOTE: This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support! #estateplan #estateplanning #probate #trust #stevecortes #corteslawfirm Facebook: https://www.facebook.com/corteslaw/ Instagram: https://www.instagram.com/corteslawfirm/ Twitter: https://twitter.com/CortesLawFirm SoundCloud: https://soundcloud.com/stephen-cortes-111673972 Cortes Law Firm 5801 Broadway Extension Hwy Suite 110 Oklahoma City, OK, 73118 405-213-0856 https://corteslawfirm.com/ /channel/UCYIkoIL8z3Wr0PiunTmVKpw Find us on Google Maps https://www.google.com/maps?cid=13744236403846045140 do heirs ahev to pay credit card debt,heirs responsible for credit card debt,are heirs responsible for credit card debt,are your heirs responsible for credit card debt,are heirs responsible for debt,are legal heirs responsible for debt,is next of kin responsible for credit card debt,ebts after death with no estate,credit card debt forgiveness death,chase credit card death policy,credit card debt after death of parent,Credit card debt after death of spouse

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