DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing Debts at Passing
Jul 9, 2025
What happens to debts after someone passes away? Discover the differences between secured and unsecured debts, and why legal counsel is essential for managing these obligations. The importance of estate planning shines through as the hosts discuss how designated beneficiaries can streamline asset transfer and minimize probate issues. Alongside personal stories and practical financial advice, this discussion highlights the significance of being prepared for the unexpected.
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Running Adventures in Florence
- Quint ran almost every day in Florence, Italy, even running 16 miles to a nearby town.
- Morning runs provided unique, crowd-free sightseeing experiences.
Know Your Debts and Legal Help
- Understand the difference between secured and unsecured debts to know what pays off after death.
- Consult an attorney to clarify state laws and ensure proper handling of debts in estate planning.
Credit Card Debt Usually Not Paid
- Credit card debt is unsecured and typically not paid after death unless heirs choose to.
- Secured debts like a mortgage may require payment from the estate or assets.