| Are you sure the estate would indeed have no assets? If when your parents die they have property of any kind - a checking account, a car, lwedding rings, furniture, pots and pans - then the estate has assets, and the estate must use these assets to pay off their debts, at least as far as they can. The executor (which may well be you) should indeed contact the credit card companies to let them know the account owner(s) are dead, and if there are any assets use them to pay them off. But you are not personally liable for the debts they have incurred. |