Legal Question in Civil Litigation in Illinois

after death debt

my partner is beneficiry on my retiremnet fun, and my neice is on life insurance. in the event of my death are they liable for my credit card debts


Asked on 12/14/06, 2:17 pm

2 Answers from Attorneys
Zedrick Braden III Ainsworth & Associates PC

Re: after death debt

Hello. No, neither one will be liable for your

credit card debts. You should have a will and

if you own a home, you should put it into a land

trust. Will be happy to discuss this with you

further.

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Answered on 12/16/06, 12:13 am
Michael R. Nack Michael R. Nack, Attorney at Law

Re: after death debt

No, the fact that these people are named as beneficiaries does not make them liable for any of your debt in the event of your death. However, if any creditor sues you and obtains a Judgment against you, then the creditor might be able to collect by way of lien, or garnishment under certain circumstances.

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Answered on 12/16/06, 12:41 am


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