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What else can I help you with?
What happens with your debt if you die and have no relatives?
Your creditors are entitled to be paid from any assets you have at the time of your death. Generally, if you have no assets they are out of luck.
What happens when you die and you have no heirs and you owe money?
Generally, your creditor(s) may petition the probate court to commence a probate proceeding for your estate if you have left any assets. Then, the creditor can file a claim against the estate. If you die with no assets in your name, your creditors are out of luck.
Does a cosigner get the asset if you die?
The law in your area determines what happens to the asset when you die. Also, the law in this area works different for automobiles than it does for other assets. It may also work different if there is a will.
What happens when parents die and their debt is more than the assets by over 60000 in credit card debt and is this debt cancelled?
the debt dies with them... you owe nothing
What happens if parents die and owe money to the government but the estate has no money?
The government is not going to get their money. They will have to be satisfied that there are no assets in the estate and that no one else got paid.
In Colorado what happens to your debt and car loan if you die?
Someone, normally a family member, will be appointed as executor of your estate. That person is in charge of your assets and debts as allowed by law.
When did Ellen Marriage die?
Ellen Marriage died in 1946.
What is the common goal of the major world religions?
To answer what happens to people when they die.
What is Common disaster clause?
A Common Disaster Clause is a provision often included in estate planning documents, such as wills and trusts, that addresses the situation where two or more parties (typically spouses) die in a common event, such as an accident. This clause specifies how the assets will be distributed if the parties die simultaneously or under circumstances that make it unclear who died first. Its purpose is to prevent disputes and ensure that the wishes of the deceased are honored, particularly regarding inheritance and beneficiary designations. By clarifying the distribution of assets, it helps avoid complications in the administration of the estate.
In a state that recognizes common law marriage and 1 of those persons finds out after 17 years they are still married to someone else is the socalled first spouse entitled to assets OF THE OTHER2?
OK, this is a general answer but the details depend on the state you are in -- you need to consult a lawyer who knows that state. If you were legally married to someone and did not get divorced: Yes, that person has some claim on your assets, but it depends on the situation. For example if you die, they might inherit. They might also be able to sue for child support. But they can't just come in and take your stuff, but if it's a community property state she could conceivably sue to get some of your current assets. Your bigger problem is that you are committing bigamy, and also that the second spouse and possibly kids could get left out. If you mean the first marriage was a common law marriage, for that to be recognized it would have to meet whatever definition the state used -- usually something like you lived together a certain length of time and publicly represented yourselves as married. I know someone in a similar situation whose first spouse is grabbing assets, but it's mainly because she has the money to hire a good lawyer and he doesn't.
Does items that were taking by family right after a die need to be account in the estate?
The items are assets of the estate. All assets must be inventoried and appraised.
Can you deficate when you die?
Yes this sometimes happens. This is due to your body muscles relaxing after death, it can be common for the bladder to release its contents as well.
