You probably don’t enjoy talking about death unless you’re a member of the Addams family. But have actually you ever seriously considered just just what happens to debt whenever you die? Do your pupil loans survive? How about your credit debt?
The typical American has about $29,800 in individual financial obligation, excluding home financing. 1 And with you, it’s possible your family could inherit your debt while you might think all your financial problems will die. (more…)