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Ignoring debt issues as a senior can worsen financial problems, leading to creditor actions, asset seizure, and damage to credit ratings. Upon passing away, debt is handled by the executors, burdening them with settling outstanding debts using estate assets. Failure to address debt before death can possibly result in creditors denying debt write-offs, leaving heirs liable for balances, or needing to refuse an inheritance. Seniors can mitigate...

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