


Are they considered part of the estate? What happens to inheritance the deceased was expecting but did not receive before death?
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what happens to your debt when you die
- How can communication within the family help manage debt issues? What are some resources for understanding estate administration and debt settlement?
- Who is responsible for paying off debt after death?
- What debts are typically discharged in bankruptcy?
- How would any settlement or judgment be handled? What happens to lawsuits filed against the deceased before their death?
- What are the potential outcomes of a creditor winning a lawsuit against the estate?
- What are the rules regarding interest and penalties on debt after death? Can interest continue to accrue on a deceased person's debt?
- How should the insurance company be notified of the death?
- What happens to home equity loans (HELOCs) when the borrower dies?
- How are creditors notified of a death?
- How are these illiquid assets valued?
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