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This means that a surviving spouse must pay the debts of the deceased spouse using jointly-held property, such as a home. States include Alaska (if a special agreement is signed), Arizona ...
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...
In some cases, surviving family members might be responsible for paying certain debts of the deceased. This largely depends on the type of debt and where you live.
Can items be taken to pay debts? Creditors have access to most of your estate, with exceptions. Assets that may be used to pay off debt could include: Real estate. Vehicles. Securities. Jewelry ...
The administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. [1] Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down by law.
Like all debt, medical debt left behind after your death is paid by your estate. The debt goes to the person handling your estate — called an executor. The executor’s job is to manage the ...