Your rights around inheriting debt in Canada can vary depending on several factors, including provincial laws, the nature of the debt, and your relationship with the deceased individual. Here are some general rights you may have: Limited Liability: In most…
Inheriting assets from a loved one can be a bittersweet experience. But what about inheriting debts? Many Canadians are understandably concerned about the possibility of being saddled with a deceased relative’s financial obligations. While the prospect of inheriting debt can…
By Margaret H. Johnson
The old joke about the sure things in life used to refer to death and taxes. I think we need to add consumer debt to this list. Certainly if one considers the irrefutable fact that Canadians …
What if someone dies, can they leave their debts to you? The short answer is no.
Debts do not transfer by virtue of marriage or death – not without your signature.…
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