The simple answer is no. The estate of the debtor is accountable for all the
debts incurred by the deceased including credit card debts. When a person dies, he usually leaves behind a will. The beneficiaries of the person’s estates are
written in the will.
Before the estates of a decedent are to be divided among heirs, it must first pay off all debts that he or she left on this planet. The estate is declared insolvent if its assets are not enough to pay for all the debts incurred.
For joint accounts though, the situation is different. Joint account holders or
co-signatories of the deceased are liable for the outstanding balance’s full
payment. However, if you are named a second card holder, you may not be held liable. For those who opened a credit account in one name during a marriage, the account may become a joint one automatically. Check your state laws or contact your lawyer to ask how the provisions of your state laws apply in your case.
Sometimes, creditors hold heirs liable for the deceased’s credit card debts. Be
careful when this happens. You have to ask your lawyer first before making any
payment to the debt. The responsibility for the debt of a deceased does not rest
on his heirs or relatives unless they are guarantors. Acting as a guarantor for
a debt makes you liable for payment because you did so with consent.
Sometimes, the estates’ assets may not be enough to pay off all the debts of the
deceased. If this happens and creditors run after you to pay for the remaining
debt, remember that you are not responsible for its payment unless you acted as a guarantor. If you are not sure of what to do, always ask a lawyer before doing anything else.