2007-03-28 07:27:26 · 14 answers · asked by gardeniadove 1 in Business & Finance ➔ Personal Finance
Upon death, they come after your estate. Any money that you leave behind say like in a bank they will look for the person that's in charge of your finances to pay off the debt. However if that person claims there is no estate then they'd submit a copy of your death certificate that shows you're dead and the debt is written off. I've been down this road when my mother died.
2007-03-28 07:57:10 · answer #1 · answered by Pisces Princess 6 · 0⤊ 0⤋
Yes. You still have to pay after you die. The debts owed at the time of your death will come out of your estate before any other monies you may leave can be distributed to your heirs. bettyk
2007-03-28 07:34:44 · answer #2 · answered by elisayn 5 · 0⤊ 1⤋
If you are married they go to your partner. If you are not, no then they go to no one. The only debt you owe after your death is a Mortgage. Hence the name.
2007-03-28 07:29:56 · answer #3 · answered by ¸.•*´`*♥ ♥Melissa♥ ♥*´`*•.¸ 4 · 2⤊ 0⤋
The debt dies with you. It is written off. Unless you are married. There is a contractual relationship there where the assets, as well as debts, are community property.
2007-03-28 07:30:47 · answer #4 · answered by Anonymous · 2⤊ 0⤋
No, because the debt is in your name. You're the responsible party for the debt.
I wish someone would try to leave me with someone else's debt that I did not make, they would get sued. lol
2007-03-28 07:33:03 · answer #5 · answered by Shanee 2 · 0⤊ 0⤋
I know that your wife or husband is left responsible for the debt.Such as credit cards and nonpayments of anything.
2007-03-28 07:36:55 · answer #6 · answered by Anonymous · 0⤊ 0⤋
i believe they go to your estate, so whoever receives that gets your debt as well
but if you have sizeable debt, i would consult an attorney.. they may know a few tricks to help you out
2007-03-28 07:32:04 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Not if their names aren't on the cards or bills or on your house. the executor of your estate has to try to pay them with what ever asserts you have left
2007-03-28 07:32:50 · answer #8 · answered by redd headd 7 · 1⤊ 0⤋
They may....you ccan lawys ask the credit card companies....lol.
I would like to know too.
2007-04-01 05:12:41 · answer #9 · answered by Pepper 6 · 0⤊ 0⤋
the debts go against your estate...if you own nothing and are not married and your children do not live with you ..they can't collect
2007-03-28 07:32:28 · answer #10 · answered by Robert P 6 · 1⤊ 0⤋