This is what happens to unpaid debts when a person passes away
When a loved one passes away, it’s not unusual for the person to leave some unpaid debt behind.
The question for the surviving spouse or other heirs is often: What happens to those obligations?
Generally speaking, it depends on both the type of debt and applicable state laws.
When someone dies, their assets — no matter how meager or massive — become their “estate.” That includes financial…