Posts Tagged ‘Executors’
In what order are debts paid after you Die?
What happens if you are sorting out the financial affairs of someone who has died and you suddenly realise there is not enough money to pay all the debts? First of all, don’t panic. As the executor or administrator, you cannot be held liable. The Government has laid down rules to cover this, similar to…
Read MoreDoes a Mortgage Die with You?
Mortgage may literally mean death pledge, in a medieval concoction of Latin and Old French, but it doesn’t go away when you die. Some lenders are happy to suspend repayments while personal representatives wait for the grant of probate. But be aware that some companies do insist on receiving their monthly instalments regardless of the…
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