Legal Question in Wills and Trusts in Wisconsin

Re: debt & Life insurance

Your secured debts will follow the assets to which they are secured. So if you have a mortgage or car loan, whoever inherits the house or car will end up with that debt or will risk losing the asset. However, they don't become personally liable unless they assume the debt. Lenders may "deem themselves insecure" if you die and call the debt due, in which case, it will have to be dealt with.

Insurance proceeds are paid out to names beneficiaries. Unless you name your estate as your beneficiary, they generally won't become subject to your debts, unless you have pledged the policy during your lifetime.