You certainly can't take it with you, so what happens to credit card debt when you die? Knowing a little bit more about how credit card debt works can help you manage this issue early on and avoid unnecessary stress for surviving family members.
In the case of an insolvent estate, credit card companies write off bills. Family and friends can't inherit debt.
If there is enough money, the executor of the estate must notify the credit card company. Upon notification, the credit card company must stop assessing fees and late charges. This is to protect the estate from excessive charges.
