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29 Dec Debt Does Not Die When You Do, Part Two

Surprise, you're dead. Distinct from 'zombie debt' which should be dead, but refuses to die, your debt does not automatically die when you do. Your family or heirs could be forced to pay the bills that you didn't (or couldn't) pay before you moved on to another plane of existence. You might want to read Part One of this series.

So the widow said to me, "Don't you just write a letter to the credit card companies and make them stop sending bills?" It's not always that easy. If you have a debt that is only in your name and you die without any assets, then maybe those debts would die too. But that is a loaded statement. Let's break it down.

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