Does coverage continue for surviving pets?

May 24, 2023 ... “Generally, your estate will become responsible for paying any debts when you die,” said Morgan Kilgore, assistant vice president and private ... 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 ... Your debts are first settled by your estate, which will use assets to pay off what you owe. But what happens to your debt when you die if you have no estate? Savvy Senior: What happens to your debt when you die? , and Jim Miller, Special to the Citizen. January 8, 2025 . 8:05 AM. 3 min read. Sep 19, 2024 ... It is important to know that debts cannot be inherited or transferred upon death without your agreement. In Canada, you cannot become liable for ... The simple answer is no, you can't inherit a deceased person's debt as a beneficiary of their estate. The only exceptions to this would be if you're also a co- ... Oct 18, 2021 ... The short answer to this question is “it depends.” Your debt might pass on to your loved ones, creditors might come after your estate, or creditors could be ... Feb 25, 2025 ... What happens to personal debts after death? When you die, your debts will be paid from your estate (meaning the value of your assets and ... Apr 9, 2023 ... Learn about credit card debt after death, who is responsible for paying it, how it affects your family, and the options available for your ... 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) ...