NextPrevious

Surviving Financial Crises

Wills and Trusts

What if I cannot pay for the current bills after my spouse dies?

If you have a lot of joint debts that cannot be paid off, you may have to consider filing for bankruptcy. You can negotiate a payment plan with some of your creditors to see if they can lower your monthly payments. If the debts are loans for such things as a car or a house, you may have to immediately consider selling the assets.

Wills do more than just name beneficiaries; they also direct who should handle the deceased’s estate, who will become the guardian for any young children, and other specific wishes.

Close

This is a web preview of the "The Handy Personal Finance Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App