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What happens if a person dies leaving credit card debts and they have placed all their property into a non-revokeable trust? |
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The Trustee of the Trust is responsible for paying the debt out of the trust funds.
First answer by ID212017107. Last edit by ID212017107. Question popularity: 41 [recommend question]
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Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Credit > Credit and Debit Cards > What happens if a person dies leaving credit card debts and they have placed all their property into a non-revokeable trust?
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What is a non revokeable living trust? What do you do with your mothers trust after she dies? What happens if a person dies and has only credit card debts and they have placed all their property into a non-revokeable trust? If your parent dies and has put all the property in a living trust and leaves no money are the heirs responsible for her debts?
