{"id":4877,"date":"2016-07-18T17:33:42","date_gmt":"2016-07-18T17:33:42","guid":{"rendered":"http:\/\/www.racinelaw.net\/?p=4877"},"modified":"2016-07-18T17:33:42","modified_gmt":"2016-07-18T17:33:42","slug":"5-things-know-happens-debt-die","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/5-things-know-happens-debt-die\/","title":{"rendered":"5 Things to Know About What Happens to Your Debt When You Die"},"content":{"rendered":"<p dir=\"LTR\" align=\"JUSTIFY\">By Lane V. Erickson, Attorney<\/p>\n<p dir=\"LTR\" align=\"JUSTIFY\">Society is consumer driven. Home mortgages, student loans, car loans, credit cards and other debt are a normal part of society and our lives. I am often asked by my clients about what happens to their debt when they die. In most circumstances, I have to deliver the bad news that debt usually does not die with the debtor. The general rule in Idaho is that if you have debts when you die your Personal Representative may have to liquidate your assets (including homes, cars, and other assets) to pay your debts before anything is passed on to your loved ones. Here are 4 things you should know about debt and death:<\/p>\n<p dir=\"LTR\" align=\"JUSTIFY\"><b>1. Death and Credit Cards.<\/b> If a loved one leaves behind thousands of dollars in debt on credit cards, you probably have nothing to worry about, unless you are a co-signer on that card. When this occurs you have a financial loss on top of an emotional one.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.racinelaw.net\/blog\/5-things-know-happens-debt-die\/\"  title=\"Continue Reading 5 Things to Know About What Happens to Your Debt When You Die\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Lane V. Erickson, Attorney Society is consumer driven. Home mortgages, student loans, car loans, credit cards and other debt are a normal part of society and our lives. I am often asked by my clients about what happens to their debt when they die. In most circumstances, I have to deliver the bad news [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-4877","post","type-post","status-publish","format-standard","hentry","category-estate-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What Happens to Your Debt When You Die|Racine Olson<\/title>\n<meta name=\"description\" content=\"if you have debts when you die your Personal Representative may have to liquidate your assets to pay your debts. Call us with questions. 208.232.6101\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.racinelaw.net\/blog\/5-things-know-happens-debt-die\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What Happens to Your Debt When You Die|Racine Olson\" \/>\n<meta name=\"twitter:description\" content=\"if you have debts when you die your Personal Representative may have to liquidate your assets to pay your debts. Call us with questions. 208.232.6101\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Racine Olson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Happens to Your Debt When You Die|Racine Olson","description":"if you have debts when you die your Personal Representative may have to liquidate your assets to pay your debts. 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Call us with questions. 208.232.6101","twitter_misc":{"Written by":"Racine Olson","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.racinelaw.net\/blog\/5-things-know-happens-debt-die\/#article","isPartOf":{"@id":"https:\/\/www.racinelaw.net\/blog\/5-things-know-happens-debt-die\/"},"author":{"name":"Racine Olson","@id":"https:\/\/www.racinelaw.net\/blog\/#\/schema\/person\/aa8aa04699b3ee65fb6e3d91aaa6b2bd"},"headline":"5 Things to Know About What Happens to Your Debt When You Die","datePublished":"2016-07-18T17:33:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.racinelaw.net\/blog\/5-things-know-happens-debt-die\/"},"wordCount":1237,"articleSection":["Estate Planning"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.racinelaw.net\/blog\/5-things-know-happens-debt-die\/","url":"https:\/\/www.racinelaw.net\/blog\/5-things-know-happens-debt-die\/","name":"What Happens to Your Debt When You Die|Racine Olson","isPartOf":{"@id":"https:\/\/www.racinelaw.net\/blog\/#website"},"datePublished":"2016-07-18T17:33:42+00:00","author":{"@id":"https:\/\/www.racinelaw.net\/blog\/#\/schema\/person\/aa8aa04699b3ee65fb6e3d91aaa6b2bd"},"description":"if you have debts when you die your Personal Representative may have to liquidate your assets to pay your debts. 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