What happens to debts/accounts after death?

Question

Hypothetically, what happens to a person's debts (credit cards, car loans, bank accounts, etc) after they die? If a person has no children and the only living relative and person listed in the will is a mother, are these debts then transferred to the mother? Do these debts then affect the next of kin's credit? Are the next of kin responsible for paying on them, closing the accounts, or other actions?

The hypothetical person does not own a home or have any other investments. The person has a car loan so they do not own the vehicle outright.

I understand that any debts would come out of the deceased's estate, but what if there is no estate? The hypothetical person has no ownerships or investments.

A guardian? I don't know what you mean by that. The person is not a minor. The mother was the legal guardian when this person was a minor.

Answer 1

The deceased person's estate is responsible for paying them. If the estate has no assets, then the debts will die. Next of kin are not personally liable unless they are coborrowers or cosigners for the debts.

Answer 2

Debts are not transferred upon death unless the person was a cosigner of the debt...

If the responsible party is dead then they debts are paid out of the person who has passed estate.

Answer 3

They have to be settled through the Estate of the deceased person.

Answer 4

First after you die , there should be a will.If no will is made then the person reasonable for you will send a Death certificate to the creditors. Then they keep call., sometime there lucky if they get their money back.

Answer 5

Will a guardian be responsible?