I have several family members living irresponsibly in money chaos (parents and siblings). I have worked hard all my life and spent/invested my money wisely (I am by no means wealthy, although I have excellent credit from living responsibly). I have tried to help out and/or provide responsible living advice, but to no avail.
Now I am worried that creditors may try to collect after their passing. I have never cosigned on any of their loans. Can I be hounded for family member's debt? Is there anything I can do to prevent this? How do I make sure I am not part of the deceased person's 'estate'?
Thank you for any advice or direction you can provide.
Now I am worried that creditors may try to collect after their passing. I have never cosigned on any of their loans. Can I be hounded for family member's debt? Is there anything I can do to prevent this? How do I make sure I am not part of the deceased person's 'estate'?
Thank you for any advice or direction you can provide.
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