Yep.
The estate is responsible for paying the debts of a decedent. The estate must be probated and the debts must be paid before any assets are distributed to the heirs.
Life insurance is an insurance service that one can purchase, and will pay out a lump sum of money when the owner of the life insurance passes away. It can also be paid out, or bought out, before the owner passes away.
Not as long as the bills are paid in a timely matter in accordance with the agreement that was made.
Nope ... they remain due until paid, and will remain on credit rating until the debt is settled.
Nothing the bills were paid by Medicare.
through bills
Outstanding bills are bills from before the current one which have still not been paid.
Bills are paid from the estate of the deceased.
As in all states, Missouri requires the estate to be responsible for all the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.
If you have money or property - the bills will be paid. If you don't have any money the bills won't be paid.
Bills should be paid promptly so as to avoid unnecessary inconviniences
Bills receivable a/c dr. To debtors's personal a/c