Do I Owe Joint Debt After My Spouse Dies? | NC

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Q: What happens to joint debts after a spouse dies if both spouses signed the loan documents? A: Usually, the surviving spouse still has to pay. If both spouses signed as borrowers, co-borrowers, or guarantors, one spouse’s death normally does not erase the surviving spouse’s personal responsibility for the loan. The lender may keep collecting from the surviving spouse, from the deceased…