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This means that a surviving spouse must pay the debts of the deceased spouse using jointly-held property, such as a home. States include Alaska (if a special agreement is signed), Arizona ...
When the Deceased's Estate Pays If the surviving spouse isn't responsible for the debts, then they're paid from the deceased's estate. Assuming there are assets in the estate, then the executor ...
They’re a spouse in a state where the law requires them to pay certain types of debt. They’re a spouse in a state that requires them to use jointly-owned property to pay off debts of their ...
If you live in a community property state, your spouse is responsible for the debt. Can items be taken to pay debts? Creditors have access to most of your estate, with exceptions. Assets that may ...
If you're thinking about your own loved ones while you're still alive, you're ahead of the game. Learn more about what you can do to prepare.
This will help you pay down the debt more quickly and at a lower cost during the remainder of your life. Consolidate your personal loans to protect your spouse. If you are married and have moved ...
As a spouse or other person with legal authority, ... Money from the estate is used to pay off the deceased person’s debts and may be wrongly paid to settle fraudulent accounts. This reduces the ...
Your estate pays the debt. After you die, credit card companies become creditors to your estate. If there are sufficient assets in the estate, the debt is paid off with proceeds from your estate.