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What else can I help you with?
Who pays the debt if your partner dies?
nobody
What if a person dies before paying off a school loan?
The estate pays the debt
Husband dies and leaves debt but no assets who pays?
A married couple is seen as a economic unit, so to speak. So the widow is responsible for the debt.
Who pays for debt if the couple is divorced prior to death?
It depends on the terms of the divorce. That said, any new debt accrued by someone after the divorce will not be the responsibility of their ex partner
What are you responsible for financially if your same-sex partner dies?
If your name is also on any agreements, loans, leases, etc. you will be responsible for honoring same. You are not otherwise responsible for any of your partner's debt.
Does owner of quit deed pay mortgage if mortgagee dies?
Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.
If a spouse dies and has a loan out with the bank is the surviving partner responsible for the debt?
Only if the couple reside in a community property state and that is where the financial transaction took place.
Who is responsible for your dead fathers debt?
Laws and regulations regarding debt inheritance differ by country. In most cases, a debt will become part of the inheritance and will either be settled from the inheritance first, or paid by the inheritor(s). There are also countries where significant debts (such as a mortgage) is coupled to a life insurance that pays out and settles the debt when the debtor dies.
Who pays interest on the national debt?
The people do.
If someone dies in debt how is the debt paid off?
When someone dies, any debts they leave are paid out of their 'estate' (the money and property they leave behind). You're only responsible for their debts if you had a joint loan or agreement or provided a loan guarantee - you aren't automatically responsible for a husband's, wife's or civil partner's debts.
What happens when a partner leaves a business or dies?
What happens when a partner dies in business depends on the contract. Many people may write a contract that replaces a partner with a family member of the partner.
How does a serf become a freeman?
he pays his debt to the person he serves
