Financial Steps to Take When a Parent is Dying
Q: My father is dying from cancer, and I have a major disability. What do I need as safety net to take care of myself as aftercare for me and to take care of his expenses. A: Thanks for reaching out to me, and I’m so sorry to hear about your father’s cancer, and your […]
The Student Loan Borrower Died – Am I Responsible?
If you are a parent or guardian of a student who has died and they have outstanding student loans, the government will discharge the loans so that you are not held responsible for paying them back. Standard student loans and PLUS loans are discharged when the borrower, or in the case of PLUS loan, a […]
What Happens to Your Debts if Your Ex-spouse Dies?
Q: In 2006 my husband and I decided to divorce. We had many joint debts he was supposed to pay but didn’t. Then he died unexpectedly in 2007. Now my credit is ruined. Should I file bankruptcy or let those old debts fall off my credit report? A: Under the law, any loans you co-signed […]