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Does your debt "die with you"?

26 replies

BearRabbitPants · 17/06/2019 21:23

Just that really, DH and I need to up our life insurance to cover our increased mortgage and second charge mortgage (used for home renovations). But my question is, if my DH were to die, would I, as his wife, be liable for his debt in his name only? (credit cards - also used for the home- we practically built a new house!) apologies if I'm very thick for not knowing this info but where neither of us have had debt before we honestly don't know & cant really find a definitive answer from google.
Thanks in advance!

OP posts:
NeverTwerkNaked · 23/06/2019 07:35

It will depend whether you are joint tenants or tenants in common.

JT - the house becomes wholly yours, it doesnt form part of the estate
TiC -his share of the house would form part of his estate and debts would need to be paid from his estate

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