The (Not Boring) Boring Small Business Bookkeeping and Accounting Podcast

← The (Not Boring) Boring Small Business Bookkeeping and Accounting Podcast16 jul · 3 min

What Debts Are Forgiven When Someone Dies? S9E11

What Debts Are Forgiven When Someone Dies? S9E1116 jul3 min

Nobody likes thinking about death, but getting your finances in order now can make things much easier for the people you leave behind. To help with this, our favorite Bookkeeping Mensch, Paul Rosenblum, is here to explain the basics. He covers which debts are typically forgiven when someone dies, when an estate is responsible for paying what's owed, why family members usually aren't liable for debts they didn't co-sign, and how naming a beneficiary on a bank account can help avoid probate. It...