Dying With Debt

An increasing number of Americans are not able to pay off their debts before they pass away. This can create issues for those people’s retirement plans and for their estates.

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Paying the Debts of an Estate

When someone passes away, his or her debts become a part of the estate and must be paid. This is one of the jobs of the executor or personal representative. If you are administering an estate, you need to know how to pay the estate’s creditors.

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