Who is Responsible for Bills of the Deceased?

Who ultimately become responsible for paying back the debts of the deceased depends on the kind of debt and legal requirements of residency. Secured debts, personal loans, cosigned loans and tax payment obligations always survive death. If you assume a lot of unpaid debt in life, you could be setting up your loved ones and/or the inheritors of your estate to deal with a lot of legally mandated debt hassles.

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