#parentaldebt

Many adult children worry about one important question: “Am I responsible for my parents’ debts?” In this video, we explain what happens to a parent’s debt after death, how the estate process works, who pays creditors, and when children may actually become financially responsible. We also discuss long-term care costs, Medicaid rules, and the situations where families need to be especially careful before making financial decisions.

I watched “Can You Inherit Your Parents’ Debt? What Families Need to Understand” and found it very informative. The video explains what happens to debt after a loved one passes away and helps families understand their rights, responsibilities, and important estate planning considerations.

I found this video helpful for understanding what happens to debt after a parent passes away. It explains the rules around inherited debt, estate responsibilities, and the steps families should consider to protect themselves. Worth watching for anyone thinking about elder law and family planning.