Other people are only responsible for repaying your debts after you die if one of the following scenarios are true:
The debt is in joint names with someone else, such a home co-owned by husband and wife.
The debt is secured against a particular asset owned by someone else, such as a husband and wife’s joint loan, secured against a property owned by the surviving spouse.
Someone has guaranteed the debt.
Read carefully and don't do something very stupid.
What else do your family members need to watch out for?
There are a few potential scenarios that you don’t want to burden your loved ones with:
Joint debts. In the event that a relative co-signed on a credit card debt or loan, they will be liable to pay it off even after death of the co-signee.
Authorised user accounts. ‘Authorised users’ on credit cards are not responsible for paying the card holder’s outstanding debts, however, remaining attached to this account may impact their credit score. So it makes sense that the authorised user contacts the lender and request removal from this account.
Joint tenants vs tenants in common. If you co-own a property with someone as a of one “Joint Tenant” rather than the more usual tenants in common the surviving Joint Tenant or tenants acquire the whole property automatically by operation of law. It follows that property held in joint tenancy does not form part of the estate of the tenant who dies. So a Joint Tenant cannot in her orhis will deal with property held in joint tenancy.
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