paying credit cards on death of a person
if someone dies without a will what happens to their pension savings? Do their debts get paid first before the money is given to the beneficiaries, or vice versa?
Asked on 1/23/07, 2:38 pm
1 Answer from Attorneys
Michael Moberg
Moberg & Associates
Re: paying credit cards on death of a person
Pensions generally stop payments when the payee passes (or redirects to the payee's spouse, etc).
Assets are offset by any remainig debt and the remainder distributed among the heirs.
You may contact us for further information and to negotiate the debt settlement.
Answered on 1/23/07, 4:27 pm
Related Questions & Answers
-
Dual Power of Attorney Can two people have Power of Attorney at the same time? Asked 12/21/06, 3:44 pm in United States New York Elder Law
-
How is a power of attorney disvolved family member has been disignated as power of... Asked 11/17/06, 2:57 am in United States New York Elder Law
-
Power of attorney-no signature My father needs power of attorney as soon as... Asked 10/27/06, 10:01 am in United States New York Elder Law
-
Guardianship How is application for Guardianship made? Social services doctors have... Asked 10/11/06, 11:34 pm in United States New York Elder Law
-
Mortgage & will person A 85 yrs old willing house to couple B. person A takes... Asked 9/09/06, 9:04 am in United States New York Elder Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
