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Here's what you're responsible for and what you aren't after a loved one's death. Sabina Wex. March 14, 2024 at 7:23 AM. Do I have to pay off my spouse's debts when they die? Here's what you're ...
Being the executor or administrator of the deceased’s estate, but only in states that require executors or administrators to pay off debt from property jointly owned by the surviving and ...
A community property state is a state where spouses share all debts and earned assets taken on after marriage — while living in that state. Currently, there are nine community property states ...
Spouses: Some states require community property — that is, property shared between spouses — to be put toward debt when a spouse dies. These states include Arizona, California, Idaho ...
As a spouse or other person with legal authority, ... What happens to debt after death varies depending on the type of debt, your relationship to your loved one and your state. In general, a ...
One thing to know about debt is that it doesn’t go away — even after the death of the person holding it. ... The CFPB noted that debt collectors can contact surviving spouses and mention the ...
By far, the saddest cases in my years as a financial advisor were assisting widows after their spouses' deaths. Not only does a surviving spouse have a great deal to manage emotionally, but the ...
Collecting debt from a deceased person may sound unpleasant, but there are plenty of legitimate reasons why you might need to collect against an estate -- and ultimately impacts your personal...