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What happens to unpaid bills when someone dies? This is a question that many people have, and it's a valid one. After all, when someone dies, their estate goes through probate. During probate, the debts of the deceased are paid. This article will explain what happens to unpaid bills during probate in Florida. Keep reading for more information!
How Do I Find Out to Who the Deceased Owed Money To?
The first step to finding out who the deceased owes money to is to look through their financial records. If you are unsure where to start, you should consult a probate lawyer. They will be able to help you locate all the relevant documents and figure out who is owed money.
Who Is Responsible for Paying Unpaid Bills During Probate?
Under probate law in Florida, unpaid bills must be paid off by the estate. However, it is important to note that creditors are not entitled to payment until after probate has been completed and the assets of the deceased have been divided among the heirs. The probate court typically oversees this process.
What Action Is Taken For Unpaid Bills?
Once the probate process has been completed, unpaid bills will be addressed in one of several ways. Depending on the situation, the probate court may decide to pay off the bills from funds in the deceased's estate. If insufficient funds are unavailable, the probate court may negotiate payment plans with creditors or simply forgive some of the debt.
Are There Any Exceptions to the Rule?
Yes, there are exceptions. According to probate law in Florida, some debts may be forgiven or discharged if deemed too burdensome for the estate. This typically applies to medical bills and probate fees, which can often be negotiated with the probate court. Additionally, certain kinds of debt, such as student loans and credit card debt, are not eligible for probate discharge in Florida.
Let Our Probate Attorneys Guide you Through the Process
The probate process can be complex, and it is important to understand the laws and regulations that govern probate in Florida. Our experienced probate attorneys are here to guide you through probate and help make sure your loved one's estate is handled properly. Contact us today for more information.
If you are looking for knowledgeable and experienced legal representation, contact us today through our website or give us a call at (954) 764-7273 to schedule your consultation today!