Debt in old age can be a stressful and anxiety-provoking situation, especially if you are concerned that your debt will be transferred to your loved ones after you die. It is essential that you become familiar with the generalities and specifics of the laws that govern debt after death. Take this quiz and find out more about what happens to your debt after you die.
Question 1 of 10
What happens to your debt when you die?
Question 2 of 10
In the United States, what government dictates the laws of debt after death?
Question 3 of 10
What is the first expense that is settled from your estate after you die?
Question 4 of 10
What is second expense that is settled from your estate after you die?
Question 5 of 10
Let's say you have more debt than your estate can cover. What happens to that lovely family heirloom you promised your daughter after you die?
Question 6 of 10
Common property laws mean _____________________________.
Question 7 of 10
What happens to the debt on your home if a family members assumes the property after you die?
Question 8 of 10
Which of the following is safe from being reclaimed for debt repayment after you die?
Question 9 of 10
If you have significant accumulated debt, what should you do before writing your will?
Question 10 of 10