Legal Question in Wills and Trusts in Massachusetts
Can you die and not have to pay your creditors ? So that the debt dies with you.
Asked on 10/05/13, 6:53 pm
2 Answers from Attorneys
If you have no assets and the creditors are not ones which can make claims against your spouse. However, you cannot make gifts just before you die such that you have no assets, the creditors will be able to go after those assets.
Answered on 10/05/13, 7:13 pm
Christopher Vaughn-Martel
Charles River Law Partners, LLC
Upon your death, your estate must pay all valid debts. It is not that you must pay the debts, or your heirs must pay the debts, but that the estate must pay debts prior to distribution of your estate to heirs.
Answered on 10/08/13, 11:25 am