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  #1  
Old 02-08-2007, 12:43 PM
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Join Date: Feb 2007
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Mom's CC debt.

She is in NYC, I am in CT.

My mother has an outstanding CC bill that she has not been paying for years. I just became aware of this. It is only under her name and nobody else is on the account. I am the owner of a small life insurance policy for her. In the event of her demise will I be responsible for paying the CC debt that shes owes from the insurance policy?
  #2  
Old 02-08-2007, 12:53 PM
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Join Date: Feb 2005
Posts: 3,346
The beneficiaries of a life insurance policy get their money directly form the ins. company. The money is not part of the deceased's estate. You are not liable for the deceased's debts.
  #3  
Old 02-08-2007, 12:55 PM
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Thats good news. I was concerned. Thank you.
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