Debt Consolidation Explained >> Debt FAQs >> What happens to debts when someone dies?

What happens to debts when someone dies?

When someone dies, debts are recoverable from any assets or money left behind. This is known as the 'estate'. No one else has to pay for the debts unless they are already liable under the terms of the original agreement, for example the debt is in joint names or someone has signed as a guarantor. Dealing with an estate can be complicated and you should seek legal advice.


Debt Consolidation Explained contains general information only. We strongly advise you to seek qualified professional advice before taking any action.

 

 

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