Debt Free In 30

A loved one can leave assets in their will, but what about debts?  Can you inherit debt? What makes you legally responsible for debt, and what should you do if creditors come calling? Doug Hoyes and Ted Michalos tackle common concerns about a sensitive topic with a touch of lighthearted fun. They discuss joint accounts and credit cards, the role of executors, and life insurance paying off mortgages. They break down what happens to debt after death in Canada and offer important advice for seniors and families planning their financial futures. Whether you're an executor, a spouse with joint accounts, or just curious, this episode provides clear (and candid) answers and essential insights for Canadians. Timestamps: (0:00) Creditors Calling About a Loved One’s Debts (2:30) Joint Credit Cards and Supplementary Credit Cards (5:30) Estates and Executors (8:10) Can You Go Bankrupt After Death? (9:00) Can You File a Consumer Proposal for a Deceased Person? (9:50) Key Responsibilities of an Executor Whe