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Debt is sometimes inherited, particularly on home equity. https://www.experian.com/blogs/ask-experian/can-you-inherit-debt/ https://www.experian.com/blogs/ask-
by ano-ther 3y ago
Debt is sometimes inherited, particularly on home equity.
https://www.experian.com/blogs/ask-experian/can-you-inherit-debt/ https://www.experian.com/blogs/ask-experian/can-you-inherit-...
- ceejayoz 3y agoOnly if you wanna keep the house it’s attached to. If it’s underwater and there’s not much else to the estate, you can reject the house and it’s debt. They can only collect the difference from the estate’s assets. (Never co-sign for someone!)
- trogdor 3y ago>Never co-sign for someone! Unless you’re prepared to write off the entire amount as a gift. (Though in that case, it’s probably better to just give them the money. After all, there’s a reason their signature is insufficient on its own.)