What happens to someone’s debt when they die? I know, it’s not the most encouraging question, but one of our listeners was curious about it. So, in true The Money Challenge Podcast fashion, we answer the question. Let’s go!
- What happens to a person’s debt when that person dies?
- What type of adviser fees are reasonable?
Make sure your spouse knows about your family’s debt — credit cards, car loans, mortgages. Both of you need to be informed. And you both need to be passionate about getting rid of them to free up cash flow so that you can live and give generously.