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  2. What happens to your loan debt after you die? - AOL

    www.aol.com/finance/what-happens-to-loan-debt...

    Generally, private student loan companies do not forgive loans due to the death of a cosigner. In fact, the loan may require immediate full payment or go into default when you die if the contract ...

  3. How to protect your deceased loved one’s credit after death

    www.aol.com/finance/protect-deceased-loved-one...

    Before you notify the credit bureaus of a loved one’s death, you’ll need to collect certain information and documentation: The complete legal name of the deceased individual as it appears on ...

  4. How to protect your deceased loved one’s credit after death

    www.aol.com/finance/protect-deceased-loved-one...

    As a spouse or other person with legal authority, you can report your loved one’s death by writing a letter to any of the three major credit bureaus: Equifax, Experian or TransUnion. The first ...

  5. When you do need to pay off a loved one's debt - AOL

    www.aol.com/finance/pay-off-spouses-debts-die...

    When someone loses a loved one, the last thing they want to think about is if any outstanding debts need to be paid off. Yet, nearly half (46%) of Americans believe that their debt would pass on ...

  6. Cancellation-of-debt income - Wikipedia

    en.wikipedia.org/wiki/Cancellation-of-debt_income

    A loan by itself is neither gross income to the borrower, nor a tax deduction to the lender. This is because there is "symmetry" of assets and liabilities on both side: the borrower's increased wealth when the loan is taken out is offset by an obligation to repay that same amount.

  7. What happens to your bank account after you die? - AOL

    www.aol.com/finance/what-happens-to-bank-account...

    Loans without collateral — such as personal and student loans — are usually treated as a last priority when it comes to paying off your creditors after you die, though a spouse could be ...

  8. Uniform Simultaneous Death Act - Wikipedia

    en.wikipedia.org/wiki/Uniform_Simultaneous_Death_Act

    The Uniform Simultaneous Death Act is a uniform act enacted in some U.S. states to alleviate the problem of simultaneous death in determining inheritance.. The Act specifies that, if two or more people die within 120 hours of one another, and no will or other document provides for this situation explicitly, each is considered to have predeceased the others.

  9. Second mortgage - Wikipedia

    en.wikipedia.org/wiki/Second_mortgage

    Second mortgages, commonly referred to as junior liens, are loans secured by a property in addition to the primary mortgage. [1] [2] Depending on the time at which the second mortgage is originated, the loan can be structured as either a standalone second mortgage or piggyback second mortgage. [3]

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