@maryjane022
I don't think I understand the entire problem:
If a person dies, there are people who inherit what the person owned, but also the debt. In some countries one can refuse to accept an inheritance. The relevant court will search for next-of kin. If nobody acepts the inheritance the creditor is left without anything more than what the person left.
If there are any transaction (new contracts) running, but are not in effect yet, those transactions will cease.
In fact if there is a severe legal problem you should consult a lawyer who know about your local legal system and the appropriate action.
@maryjane022 saidNo, a person is dead when the lawyers are done with him.
Hi,
I have a question,
If a person is in debt but he is dead, the transaction will stop, right? But if not what should I do? For me, as far as I know, when someone dies, any transaction will stop.
Any Opinion?
If contracts are running (rent, utilities, car payments, etc.), they do not automatically stop, nor do debts simply go away; the person assigned to be the estate executor must terminate the contracts and sell off assets to pay any remaining debts.
1 edit
@maryjane022 saidMany have insurances which will pay off any debt owed.
Hi,
I have a question,
If a person is in debt but he is dead, the transaction will stop, right? But if not what should I do? For me, as far as I know, when someone dies, any transaction will stop.
Any Opinion?
It the person had nothing odds are no insurance so companies or utilities should have insurances to cover those costs.
As an old saying goes you can not get blood out of a rock!
Now if you used lets say a credit card after the person had passed that would be against the law, so the person using the credit card could have a problem.
As a previous poster said one would have to know the circumstances, as the question isn't really clear at least to me.
No executor of will?
-VR
@maryjane022 saidmoney is nothing after yer dead
Hi,
I have a question,
If a person is in debt but he is dead, the transaction will stop, right? But if not what should I do? For me, as far as I know, when someone dies, any transaction will stop.
Any Opinion?
don't let this info remove existential dread
1 edit
@handyandy saidThe lawyer will also want to know the "FACTS" of this situation! 😉
Ask a lawyer.
Ask no1 he is a lawyer in the real world and he will tell you I know need to know the situation to give an answer, then he may even charge you! 😉
-VR
@rookie54 saidOnly if you don't make a memorial for yourself, or name a wing of a hospital after yourself, or give to some charity in your name. That will only be remembered for so long though then forgotten. Birds will crap all over your memorial & the wing of the Hospital named after you will eventually get old and be torn down or refinished.
money is nothing after yer dead
don't let this info remove existential dread
Best thing to do is leave it to those who have treated you well and need it and will appreciate it.
-VR
- Joined
- 23 Nov 09
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@maryjane022 saidIf you're dead, why do you care?
Hi,
I have a question,
If a person is in debt but he is dead, the transaction will stop, right? But if not what should I do? For me, as far as I know, when someone dies, any transaction will stop.
Any Opinion?