The loss of a loved one is a traumatizing event in a person's life. In some cases, you know that the person is going to pass away soon. Other cases come as a total shock. No matter which one of these your loved one's death falls into, you might be the person who is faced with handling the estate.
Some debts die when a person dies, others don't
Many people think that when they die, their debts die with them. This is exactly what happens for some individuals who don't have an estate to leave behind, but the debts of people who do have assets when they die will have to be paid following very specific guidelines.
