Comments about ‘Dave Ramsey says: You don't inherit debt’

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Published: Tuesday, March 18 2014 12:00 a.m. MDT

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Salt Lake City, UT

That is interesting! What about a spouse that passed away? If the wife wasn't a co-signer or user is the wife responsible for the husband's debt? My mom was told by American Express that she was responsible to pay off his debt even though he was the soul user of the credit. This would be great news for her if Dave Ramsey's information stretches to spouses. I would appreciate any info!!!

Cheyenne, WY

If she was not one of the people liable with the card then No.
But they have a right to come after joint assets of which he was an owner so that makes it a yes.
Technically the debt is not attached to her but his estate so if she is part owner of everything they can take that or make her pay.

Funny/witty screen name
Orem, UT

@ kimmyd
She isn't responsible for his debt if she wasn't a co-signer on the loans. That being said, if his name is on any cars, house or other types of collateral, they could take that to repay his debt.

george of the jungle
goshen, UT

Every thing with his name on will go to pay the debt.

Liberty Lake, WA

If your parents are Utah residents, you should look to Utah Code 30-2-5 and 30-2-9. In short, it depends on what the debts were incurred for. If they were for family expenses, she is definitely liable for them both while he's alive and after he passes. If they were not incurred for family expenses, then his estate would be liable for the debt. She may want to consult an attorney on the matter.

Orem, UT

Some clarification...

From your question, sounds like the debt from American Express is either from a credit card or revolving debt. Almost always, this is unsecured debt. So, Am Ex has a claim on his estate. Other than that, I'm pretty sure the debt dissolves on death. If Am Ex fails to make a claim on his estate, the wife may be able to transfer the assets to herself. Of course, if she is enjoying the goods the husband purchased, she may have a moral obligation to pay, even if he were the sole signer for the debt (I don't doubt he still has his soul!)

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