Do benefits continue for surviving family members?

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. Oct 13, 2013 ... What for example, happens to student loan debt if a person dies? I'm aware that student loan debt can't be discharged in bankruptcy, but can it ... Jan 12, 2023 ... Any property that you own will become part of your estate and may potentially need to pass through Colorado probate courts. Your creditors with ... Federal student loans. If the debt is a federally backed education loan that the student took on by him or herself, then the loan is automatically canceled when ... What Happens to Your Debt When You Die? · Car Loan. The trustee can use your estate to pay your car loan. · Mortgage. If you inherit a home or if you were the ... Aug 14, 2023 ... If you owe taxes when you die, the IRS will attempt to collect the tax debt from your estate. In cases where there isn't an estate, the IRS generally won't be ... 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. Jun 18, 2024 ... I'm sorry to hear of your condition but glad to hear you're in remission. Typically, your debts become debts of your estate. Meaning that if ... Mar 31, 2023 ... When you die, the money in your estate will be used to cover your outstanding debts. If you had a will and named an executor, that person uses ... When a person dies, any debts they have are paid off by any money or property ... If the deceased has a secured or unsecured debt in joint names, then ...