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Eldercare
Reply to "Elderly mom's credit card"
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[quote=Anonymous]Her estate would be used to pay off any debts first. You didn’t say how big the credit card balance is, but let’s say it’s $15k. Your mom’s $10k would go to the credit card balance, and the bank would just be out of luck on the last $5k. You and your siblings would have to pay for the funeral. If the credit card balance was less than what she has in her estate, let’s say $7k-then you would receive the remaining $3k after the credit card balance was paid.[/quote]
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