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“Generally speaking, a child is only responsible for their parent’s debts after death to the extent the child inherits assets,” says John Palley, a probate attorney at Meissner Joseph Palley ...
Most debt will be settled by your estate after you die. In many cases, the assets in your estate can be taken to pay off outstanding debt. Federal student loans are among the only types of debt to ...
Loans without collateral are often a last priority when it comes to paying off your creditors after you die. But family could be responsible, depending on where you live. Learn more in our guide ...
What happens to debt after death varies depending on the type of debt, your relationship to your loved one and your state. In general, a deceased person’s debts will be settled by their estate.
Some debts may still need to be settled after a loved one's passing, and it’s important to contact creditors and handle these matters carefully. Grieving the loss of a loved one is an ...
A decedent's debt typically gets paid via their estate — that is, any money or property they left behind. If you die with debt, your estate may first be purged to pay it off.
Collecting debt from a deceased person may sound unpleasant, but there are plenty of legitimate reasons why you might need to collect against an estate -- and ultimately impacts your personal...
A decedent's debt typically gets paid via their estate — that is, any money or property they left behind. If you die with debt, your estate may first be purged to pay it off.