What are the refund policies for event tickets? What happens to layaway purchases of the deceased?

Nov 3, 2024 ... Although debt isn't automatically forgiven when someone dies, it may go unpaid, depending on the circumstances. 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 ... Mar 30, 2020 ... When someone dies, all debts need to be collected and paid out of the deceased estate before anyone receives any benefits. What happens to your medical debt when you die in New York? · man-holding-head-looking-at-medical-bills · Brooklyn Estate Planning Lawyer Ted Alatsas Answers 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) ... 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 ... May 24, 2023 ... “Generally, your estate will become responsible for paying any debts when you die,” said Morgan Kilgore, assistant vice president and private ... 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 ... Jan 29, 2021 ... Although it's unlikely, it's important to understand what happens to your student loans if you die. Learn more about the student loan death ... Oct 23, 2017 ... One of the most frequent questions that NJ estate planning attorneys are asked is “What happens to my debt after I die?