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No, the person may die but, their bills go on until paid by either surviving family or liquefying the remains of their estate.
AnswerThe bills go to the estate. Any debts owed are to be paid from the proceeds of liquidating the estate. This can include life insurance if it was a part of the estate, but if the life insurance goes to a specific beneficiary, that money is not considered part of the estate.
If the deceased owned property and there is no cash in the bank to satisfy the debts, the creditors may require that the property be sold to satisfy the estate. In short, no, the debts do not die with them until all of the estate has been satisfied. That's why probate courts end up costing so much.
(Family members are not required to assume responsibility for the decedent's debt.)
Wiki User
∙ 14y ago
When a person dies, their debts and bills do not necessarily die with them. In many cases, outstanding debts become the responsibility of the deceased person's estate, which means they are typically paid off using the person's assets before they are distributed to beneficiaries. It is important for the deceased person's family to understand their legal obligations regarding the person's debts.
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What do you do with bills when you die?
they will be descovered by the billholder and will be exempt. when a old person dies the government will know.
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You are not normally responsible for your mother's medical bills after she dies.
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