Reply to When a husband dies, is his wife responsible for his credit card debt?

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Reply to "When a husband dies, is his wife responsible for his credit card debt?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]His estate will be. So, if he has anything to pass along to her, she’d have to use that to pay the debt. However, if she calls the credit card company after he dies and says it’s a small estate, they might just write it off if her name isn’t in the account. [/quote]

If my spouse or I pass, the estate will be essentially worthless. Every account and large asset we own is a joint tenancy with a right of survivorship. I thought most couples had that setup [/quote]

I assume a *debtor can lien an account if it was jointly owned by the deceased, so how does this help you?  If the estate doesn't go 100% to the surviving spouse and the surviving spouse's name is not on the credit card debt, then the estate will pay the debt before any distributions to heirs.  I don't understand how a trust can get around this.  Explain.
[/quote]

*creditor.  So, say your spouse files separately and doesn't pay their taxes, then dies, and you own your home as JTROS. Can't the IRS lien the home?  [/quote]

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