Debts of the Deceased

You can’t take it with you…but what if all you leave behind is debt?  Sadly, more and more people are dying in debt.  Whose responsibility is it to pay off what you owe after you pass on?  Are there legal burdens of responsibility that fall to spouse and family…or just a moral one? 

Alyne talks with AARP’s financial educator Jon Dauphine about what we all should know when the legacy we leave behind is financial obligations.

More Information 

The Federal Trade Commission's Credit & Loans