Question

After you die should you be concerned about paying off your financial debts?

When you die what happens to your debts you owe? Should you be concerned about getting all your debts paid back before you die?

Answer 1

Unless you want your kids to inherit your home or other assets then you don't need to worry about your unpaid debt after you die.

Unpaid debt doesn't transfer to your kids or other relatives and they're not responsible for a deceased persons unpaid debt.

Companies are insured for this. When someone dies and has unpaid debt the debt is written off usually.