How is possible for someone to die and someone else inherits their debt?
In: Economics
Except for medical expenses in a limited set of circumstances, generally speaking debt dies with the person unless someone else signed on the loan agreeing to pay back the loan if the original signer can’t
The person who receives the benefits of an estate also receives many of the burdens. Otherwise people would just amass lots of debt before they die and buy tangible things like gold, so their heirs would get a bunch of gold but have no debt.
It’s very unfortunate when the surviving heirs don’t know about the debt, or the extent of the debt.
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