Who Pays Debts After Death?
Pain and suffering following a relative’s death can be overwhelming–being harassed by debt collectors attempting to recoup a deceased relative’s debts can be just that: harassment. There are many misconceptions regarding a deceased relative’s debts, especially when large debts, such as mortgages, are concerned. The authoritative consumer protection agency, the Federal Trade Commission, though, has clear parameters regarding debt collection and the obligations of relatives.
