Must Children Pay the Debts of a Parent?

When a parent passes away, the children go through many difficult emotions. On top of their grief, the children sometimes have a financial worry. Will they have to pay off the deceased parent’s debts?

This video explains how debts are handled after a person dies. The most common mistakes come up when an executor doesn’t understand the order in which debts get paid from an estate.

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[SusanFisher]

Very helpful. Could you do a video about adult children being responsible for nursing home costs?

[scorpiogeyser]

Thankyou for this Knowledge. I'm located in Delaware