“Can You Inherit Debt”

85 Search Results

85 Search Results

What Happens to Your Bank Account When You Die?

What Happens to Your Bank Account When You Die?

https://www.sofi.com/learn/content/bank-account-after-a-death/

What happens to your bank account when you die will depend on what type of bank account it is, how you set up the account, and whether you have a will. When the owner of a bank account dies, the transfer process is fairly straightforward if the account has a joint owner or named beneficiary. […]


Am I Responsible for My Spouse's Debt?

Am I Responsible for My Spouse’s Debt?

https://www.sofi.com/learn/content/spouses-debt/

You may enter into marriage with shared goals and plans for the future, but what about debt? Whether your partner’s debt becomes your responsibility when wed depends on the state you reside in, the kind of debt, and other specifics.You’ll learn more about that ahead. This guide covers the difference between common law and community […]


6 Strategies for Becoming Debt-Free

6 Strategies for Becoming Debt-Free

https://www.sofi.com/learn/content/becoming-debt-free/

Many people aspire to live a “debt-free” life. And for good reason: Getting out of debt means that your take-home pay is completely your own (since you won’t be sharing any of it with creditors). Having more money to work with can help you achieve your goals, whether it’s building an emergency fund, sending your […]


Putting Your House in a Trust

Putting Your House in a Trust

https://www.sofi.com/learn/content/putting-house-in-trust/

A trust can simplify the transfer of what is often a person’s most valuable asset: their real estate. It can keep a home out of the probate process and allow it to become the property of loved ones or a charity upon your death. For many households, home equity represents their largest financial asset, and […]


Life Goals You Can Work on After Refinancing Your Student Loans

Life Goals You Can Work on After Refinancing Your Student Loans

https://www.sofi.com/learn/content/life-goals-after-paying-off-student-debt/

If you’re considering refinancing some or all of your student loans, you may wonder what comes next on your financial to-do list. On June 3, President Biden signed the debt ceiling bill into law, ending the three-year federal student payment pause. Payments are expected to resume in October. Refinancing student loans can often result in […]


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