Tag Archives: Business debts
For Which Debts Will Your Estate Be Responsible?
After you pass away, your estate will still be responsible for settling some of your debts. Here’s a quick overview of what you can expect to happen to some of these common debts and which ones will take priority: Mortgage: Mortgage loans must be paid. In most cases, the beneficiary whom you named to receive […]
What Happens to Debts After You Pass Away?
Are you wondering what will happen to the debts you owe once you are no longer around to pay them? This depends primarily on the types of debts you have and the laws in your area about how those debts should be prioritized. Below is a quick overview of some of the most common types […]