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After careful review of the COVID-19 environment, the law firm of Chayet & Danzo, LLC, will be conducting in-person appointments in our offices on a limited basis and with strict social distancing protocols.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m. Monday - Thursday and 8:00 a.m. to 4:00 p.m. on Fridays.

This decision to have limited appointments in-office while following strict social distancing protocols is in the best interest and health of our team, clients and community.

We will continue accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

Compassion, talent and dedication: guiding colorado families and Their Trusted Advisors During Times of Need

Do you have to pay off parents’ credit card debt after death?

Regardless of what a collector claims on the phone, you are not legally responsible to pay a credit card bill in most cases. A collections agent may cite “moral obligation” to exploit your desire to do the right thing, but you cannot let a debt collector play on your emotions.

When a loved one leaves debts, they do not disappear. They become the responsibility of the estate. If the estate does not have assets to pay all the bills, some may remain unpaid.

More debt in later years

Several years ago, a National Bureau of Economic Research study found that almost half of seniors die with less than $10,000 in assets. The tolerance for carrying debt has changed for older Americans in recent decades as well.

Nearly a quarter of retirees over the age of 75 have mortgages. And about one-third of those 65 and older carry credit card debt. The average is $6,300.

Sorting out finances takes time

Few parents openly discuss finances with their children. If their situation was dire and required juggling bills after an illness or unexpected expense, it can be hard to unwind what was happening.

To sort out debts, start with an Excel document or some other system that allows you to keep track of outstanding bills. As you deal with a collections agency, utility or lender, take detailed notes. It can take a number of calls and diligent follow-up to resolve a bill.

Because each situation is unique, it is valuable to get advice from a lawyer, especially if you have been named personal representative. Colorado law will affect distribution of limited funds, and mistakes could expose you to personal liability. Plus, it is important to note that an inheritance from a pay-on-death account (examples include life insurance or retirement plans) does not necessarily need to be applied to pay estate debts.

Question what a collector says. Recognize that these individuals play on emotions and may be trying to reach you while you are vulnerable after a loss. If you feel pressured, end the call and resolve the bill later.

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We are the premier Elder Law firm in the Colorado region. We set ourselves apart from other law firms in the area with our talent, dedication, compassion and ability of our attorneys to handle any case in Elder Law. We serve Colorado families with experience and dignity in your time of need.

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Denver Office
650 S.Cherry St., Suite 710
Denver, CO 80246

Toll Free: 1-888-472-1088
Phone: 303-872-5980
Fax: 303-355-8501
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Edwards Office
105 Edwards Village Blvd.
Edwards, CO 81632

Toll Free: 888-472-1088
Toll Free: 1-888-472-1088
Fax: 303-355-8501
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Aspen Office
600 East Hopkins Avenue
Suite 301
Aspen, CO 81611

Toll Free: 888-472-1088
Toll Free: 1-888-472-1088
Fax: 303-355-8501
Aspen Law Office Map

  • Rated by Super Lawyers Macro Chayet
  • Rated by Super Lawyers Frank J. Danzo, III
  • Member National Academy of Elder Law Attorneys, Inc. TM
  • Avvo Rating 10.0 Superb Top Attorney Elder Law
  • 2015 Five Star Professional Wealth Manager Multi-Year Winner
  • Our new 2015 Medicaid Book: how to protect your Family's Assets from devastating nursing home costs
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