What if the creditor cannot provide validation of the debt? What if the creditor can provide validation of the debt?

Probate may still be necessary depending on the estate's size and type of property and debt. ... What happens if you die without a will? Learn about intestacy in ... 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, ... 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 ... Jan 12, 2023 ... An individual's debt does not disappear once that person dies. Rather, the debt must either be paid out of the deceased's estate or by a co-creditor. 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 2, 2025 ... When someone dies, their debts don't simply disappear. Instead, for the most part, they become part of the deceased person's estate—the ... Jul 7, 2020 ... After death, your debts become debts of your estate. The executor must pay all creditors who file a claim, even if that means selling assets ... May 4, 2020 ... In this article, we'll examine the effects of death and disability concerning credit cards, student loans, mortgage loans, auto loans, and medical bills. Pay any debts or taxes owed by the person who's died. You can then distribute the estate as set out in the will or the law. Apr 26, 2023 ... Like credit cards, personal loans are typically unsecured, so your estate will pay the debt. If there isn't enough in your estate to cover the ...