Large unpaid credit card balances can cause large problems for estates.
Although most debts that are not secured against an asset will not pass on to the beneficiaries of a will if they are greater than the estate they will be set off against any property in the estate and reducing the estate’s value.
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Large unpaid credit card balances can cause large problems for estates. Although most debts that are not secured against an asset will not pass on to the beneficiaries of a will if they are greater than the estate they will