In This Section

Handling debts after someone dies

How a deceased spouse's debt will be handled in Pennsylvania will depend on several things. It is important for people to understand how this works may be handled so that they might protect their family members after they pass away.

In general, surviving family members will not be directly liable for repaying the debts of their loved ones when they die. However, any loans or credit cards that are joint accounts will become the sole responsibility of the joint signer. Debts that are only in the name of the decedent will not be the direct responsibility of the surviving spouse.

Creditors are able to submit claims to the estates of people who have died, and the debts will need to be paid out of the proceeds of the estates before the remainders are distributed to the heirs or beneficiaries. This means that surviving spouses who will receive the proceeds of the estate will indirectly pay for their spouses' debts. Before the assets are distributed, the executor will have to pay the debts in order of priority as outlined by state law.

People may help to ensure that a greater portion of their assets will pass to their intended beneficiaries through careful estate planning. A good estate plan may help to protect assets from the reach of creditors and might include trusts, wills, advance directives and other documents. In the estate plans, people have the opportunity to name executors or trust administrators who will be responsible for administering their estates. People might want to discuss who to name with their attorneys in order to make certain that those who they choose will understand the responsibilities that will come with the task.

No Comments

Leave a comment
Comment Information

We look forward to helping resolve your legal issues.

Call 866-343-8555 today to arrange a confidential consultation with an experienced lawyer at our firm. Or, if you prefer, complete the brief online form.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Bononi & Company, P.C.
20 N Pennsylvania Avenue
Suite 201
Greensburg, PA 15601

Toll Free: 866-343-8555
Phone: 724-972-4180
Fax: 724-836-0370
Greensburg Law Office Map

Review Us Law Pay Google Map
Email Us For A Response