Can someone please explain exactly who debt works in relationto death? I understand it means you owe money, but if my parents die owing a bunch of money and leave stuff to me, do I inherit their debt as well? Do I have to pay their medical bills?
In: 50
So hypothetically speaking, if someone were to rack up massive debt, but own nothing/have no income, they have been in a relationship for over a decade but have not joined any financial accounts or bills, if this person were to die, would the debts simply vanish, as there is nothing to collect from the deceased?
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