What Happens to Credit Card Debt At Death?

Every Friday, I answer a reader's question.  If you have a question, you can contact me. I received the following question via email: …questions about family members, their debt and what happens to that debt if they die.  In the US, if parents die with a lot of debt (credit cards etc...) what happens to it?  Are we as the kids going to be responsible for that?  Any insight on this?  First, … [Read more...]

Should You Pay Extra For Maternity Insurance Coverage?

In light of the birth of my third child yesterday I posted about the average cost of delivering a baby.  As a follow up I thought we should ask this question – should you pay extra for maternity insurance coverage? It is becoming more common for insurance companies to add maternity insurance as an additional option (called a maternity ‘rider’).  For example, you might pay an additional $2,000 … [Read more...]