Close

Or Search By:

Don’t Let the Debt Racked Up by a Deceased Spouse Catch You Unaware

by Steven Malach, Chair of the Estate Planning and Elder Care practice at the Lipson Neilson law firm, and founder of the Center for Estate Planning (CEP).

When dealing with the extremely emotional implications of the death of a spouse, dealing with debt left by your loved one is probably not your first concern. However, you need to know this is a crucial issue that does need to be taken seriously going forward.

The best advice in this situation is to not be intimidated by creditors. Be aware that there are financial institutions (Credit Card Companies, Loan originators, etc.) that will take advantage of your vulnerable state.

Seek advice from an attorney who specializes in estate matters and a certified financial planner for your specific responsibilities. The Fair Debt Collection Practices Act was enacted by the Federal Trade Commission to protect consumers against illegal collection tactics.

Remember – during your grief, the law protects you from being taken advantage of.

We Look Forward To Connecting With You

  • Lipson Neilson P.C. publishes this website to convey general information and not for the purpose of providing legal advice. This Web site and its contents do not create an attorney-client or any other relationship between Lipson Neilson P.C. and any visitor to the Web site. Electronic mail (“e-mail”) sent to Lipson Neilson P.C. or any of its lawyers will not create an attorney-client relationship.
    * Checkbox Required
  • This field is for validation purposes and should be left unchanged.

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

The verdicts and settlements listed on this site are intended to be representative of cases handled by Lipson Neilson. These listings are not a guarantee or prediction of the outcome of any other claims.

attorneysbarsdownloadlocationpractice