Everything you need to know about debt when you pass away
The experts at Willful break down whether or not you can pass debt on when you pass away. Determining what debts need to be closed ahead of time can help reduce costs for your estate.
May 20, 2021
6-minute read
Debt and death: two realities that most of us dread thinking about. It’s not surprising that there are lots of misconceptions around what happens to your debt when you die, so we’re here to clear them up so you know whether you can pass it on, and who has to pay for it when you’re no longer around.
About the author
Willful makes it affordable, convenient, and easy for Canadians to create a legal will online. Willful was developed in collaboration with leading estate lawyers, with pricing plans starting at $99. It's currently available in eight provinces — B.C., Alberta, Saskatchewan, Manitoba, Nova Scotia, New Brunswick, Quebec, and Ontario. Since launching in October 2017, Willful has created more than 50,000 estate planning documents for customers across Canada.
