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Debt Responsibility

All articles tagged with #debt responsibility

finance20 days ago

He Paid Off My Tuition Before Passing, Am I Responsible for the Loans?

A person learns after their father's death that he paid off their school tuition with $90,000 in loans. Since the loans were not in the person's name or cosigned, they are not responsible for the debt, which depends on the type of loans and the estate. Generally, family members are not liable for deceased relatives' debts unless they co-signed or are legally responsible.