When a family member dies, the financial responsibility generally falls on the shoulders of the surviving spouse or partner. If the deceased had any outstanding debts, it is typically up to the survivor to pay them off. This can be a difficult burden to bear, both emotionally and financially.
If you are in this situation, it is important to take some time to understand your rights and options. You may be able to negotiate with creditors or even have some debts discharged. It is also worth considering whether you have any life insurance policies that could help cover these expenses.
No one wants to think about death, but it is important to be prepared financially in case it does happen. If you have any questions about what you would be responsible for if a loved one passed away, speak with a financial advisor or attorney for more information.