Are Adult Children Responsible for Their Parents’ Debt?

Most adult children aren’t intimately familiar with their parents’ financial situation until Mom or Dad needs help managing finances or a child begins the probate process after a parent passes away. Unfortunately, seniors are experiencing more and more difficulty making ends meet on limited savings and income. So how can an adult child assist in easing their parent’s financial burden while, and how does an adult child (if executor) manage debt after their parents have passed?

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