Can the cost of pet care be paid from the estate? What happens to ongoing legal obligations of the deceased (e.g., lawsuits)?

Feb 26, 2023 ... ... you negotiate a lower payment for full settlement of a debt ... Understand laws about what happens to your property after you die. Jan 29, 2025 ... In a perfect world, your debt would simply disappear after you die. But the reality is that the type of debt you have may decide whether it's forgiven or not. Jul 7, 2020 ... After death, your debts become debts of your estate. The executor must pay all creditors who file a claim, even if that means selling assets ... Pay any debts or taxes owed by the person who's died. You can then distribute the estate as set out in the will or the law. You can pay what you can from the estate, and creditors will have to write off additional debts. Let Our Team Help You Pay Your Loved One's Debts and Settle ... Mar 13, 2023 ... Generally, your beneficiaries will only receive what remains of the assets when debts are settled. When someone might be responsible for the ... May 19, 2013 ... If you have federal government loans, yes. This means that your estate will not have to pay back those student loans. Jul 1, 2017 ... Set aside enough money to pay your debts when you die, and do not ... the debts unless the survivor signed a written agreement to do so. Oct 17, 2018 ... When you die, your debts can deplete assets you may have hoped to pass on to your heirs. Your estate can only leave them what is left after debts are deducted ... Sep 30, 2020 ... When you die, the debt you owe at the time of your death will not be passed down to your family members, unless the family member co-signed on ...