Legal Question in Credit and Debt Law in New York
unpaid credit cards upon death vs life ins. pokicies
Can a credit card co. go after beneficiaries for unpaid credit card debt if beneficiary is not a joint owner on the credit card upon card members death?
Asked on 8/04/08, 7:14 pm
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: unpaid credit cards upon death vs life ins. pokicies
The credit card company can seek payment from the estate. It is the responsibility of the estate to pay the credit card before distribution to the beneficiary. If the money is transfered to the beneificiary before the debt is paid, the creditor may seek payment from the beneficiary under the NYS Debtor - Creditor law.
Mike.
Answered on 8/05/08, 9:02 am
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