Question about my credit cards

Question

If I have a balance on my credit cards (They are only in my name) and I were to die would my family have to pay off the balance? Would the credit card company try to get their money from my insurance money that I leave to my son or from my savings account that has my sons as the beneficiaries?

Answer 1

yes, if there is an estate and soemone is enttiled to money, YOU BET THEY CAN, they can get you rsavings account, any life insurnace. YEs,

Answer 2

They can get their money by collecting on your estate.  Your "estate" is anything you have asset wise, in your name when you die.  Insurance is an asset.

Answer 3

Your estate will have assets.  Those assets cannot be distributed until your bills are paid off.

Answer 4

Depending on where you live they could go after the estate in others  ( like NY ) the debt dies with the person.