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3369: What Happens to My Debt When I Die? by Christine Luken on Looking Out For Your Family's Financial Health

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Manage episode 521763698 series 126194
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3369:

Christine Luken offers a clear-eyed guide to understanding how different types of debt, mortgages, credit cards, student loans, and medical bills, are handled after death, and who (if anyone) becomes responsible. With practical advice and real-life examples, she shows how proper planning can prevent financial headaches for grieving loved ones.

Read along with the original article(s) here: https://www.christineluken.com/what-happens-to-my-debt-when-i-die/

Quotes to ponder:

"Family members of a deceased person are typically not obligated to use their own money to pay for credit card debt after death."

"If you have a federal student loan, then the federal government will discharge any remaining debt upon your death."

"Here’s the bottom line: excessive debt is bad news all the way around."

Episode references:

The Motley Fool: https://www.fool.com/

Credit Karma: https://www.creditkarma.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

4058 episodes

Artwork
iconShare
 
Manage episode 521763698 series 126194
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3369:

Christine Luken offers a clear-eyed guide to understanding how different types of debt, mortgages, credit cards, student loans, and medical bills, are handled after death, and who (if anyone) becomes responsible. With practical advice and real-life examples, she shows how proper planning can prevent financial headaches for grieving loved ones.

Read along with the original article(s) here: https://www.christineluken.com/what-happens-to-my-debt-when-i-die/

Quotes to ponder:

"Family members of a deceased person are typically not obligated to use their own money to pay for credit card debt after death."

"If you have a federal student loan, then the federal government will discharge any remaining debt upon your death."

"Here’s the bottom line: excessive debt is bad news all the way around."

Episode references:

The Motley Fool: https://www.fool.com/

Credit Karma: https://www.creditkarma.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

4058 episodes

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