Do benefits continue for surviving dependents?

Jul 30, 2023 ... What happens if you leave debts when you die ... After you die, there is a six-month period during which creditors (people you owe money to) can ... The executor — the person named in a will to carry out what it says after the person's death — is responsible for settling the deceased person's debts. If ... Jun 7, 2024 ... After you die, your estate goes through a legal process called probate to settle your final affairs and ensure creditors are paid. However, ... Oct 25, 2023 ... No, your beneficiaries won't inherit your debts in Canada after your death. Your estate will pay out any outstanding debts to your creditors ... 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. Outstanding personal debt (credit card debt and personal loans). With secured debts — like a mortgage or car loan — a lender may repossess the asset, or a ... Jul 5, 2024 ... Payment: Debts are typically paid from the deceased's estate. An “executor” is appointed by you in your will (or by someone else, if necessary) ... When you die, your debts don't die with you, instead they continue to be due for payment and should be paid off by the Executor of your estate, using the money ... The simple answer is that outstanding debt will be handled by your estate. Your spouse or family members aren't responsible for paying your debts after you die ... Nov 25, 2022 ... Death does not do away with debts. However, instead of being personally responsible for your debt, the debt becomes owed by your estate.