They are paid from her estate, savings, home, cars, etc etc.
If that does not cover it then her children inherit it (in the US, maybe not elsewhere).
When grandma dies who pays for her credit cards debts?
Her estate
When grandma dies who pays for her credit cards debts?
It she was the only owner of the credit card and there were no other co applicants, her debts will be written off and no one will be obligated to pay.
you need to call her credit card companies though ASAP and let them know what happened as well as present any documentation requested as a proof of death.
When grandma dies who pays for her credit cards debts?
Her estate, if a claim is made against it.
When grandma dies who pays for her credit cards debts?
Her estate (essentially, the sale of all her possessions) will be used to cover any expenses she may leave behind, including the cost of the funeral. Life insurance can be used for this as well.
The children DO NOT inherit the debt. Whatever is not covered by the sale of the estate or insurance will be written off by creditors. The only way family members may be affected by debt left behind is in the distribution of inheritance. All debts must satisfied before any beneficiaries to the will can be paid.
Hope that helps!
When grandma dies who pays for her credit cards debts?
After Death Taxes are paid, probably twice as much as any CC debt, the real law kicks in.
No body owes credit card, but that can change and is being changed now, so depends on if and when she dies, celebrate her life and bake her a cake or something.
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