Concern 1: What occurs to a departed individual’s debts?There are numerous possibilities. When an individual passes away somebody will have to handle the property left behind.
That person, called an executor or personal representative, is designated by a court of probate, though the departed person can select who serves because position by nominating somebody through a last will and testimony. The individual representative is then responsible for repaying any leftover debt by utilizing estate funds and property.
Question 2: Is the executor personally accountable for the debt?
Question 3: Is the household ever responsible for the debts?