Is the estate obligated to continue payments or return the item?

Nov 30, 2021 ... Unfortunately, if a person passes away with debt, this debt is not automatically erased. Generally, your estate—through the person you name as ... Oct 25, 2024 ... When someone dies, their debt is usually paid by their estate. An estate is all the assets owned at the time of death—like bank accounts, cars, ... Nov 3, 2024 ... Although debt isn't automatically forgiven when someone dies, it may go unpaid, depending on the circumstances. Jan 27, 2023 ... What happens to your spouse's debts when they die? Learn how California community property laws affect your liability to protect yourself. Finally, unsecured debt (i.e. credit cards) are paid back last. So if your estate doesn't have enough assets to pay back that credit card debt, the creditors ... When someone dies, debts they leave are paid out of their 'estate' (money and property they leave behind). You're only responsible for their debts if you had a ... Jul 24, 2024 ... The answer is basically that your debts become your estate's responsibility when you die. The executor you name in your will becomes responsible for settling ... Generally, a person's debts do not disappear upon their death. Certain types of debt, such as federal student loans, are typically forgiven upon the debtor's ... 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 ... 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 ...