{"id":567,"date":"2023-05-01T20:00:59","date_gmt":"2023-05-01T12:00:59","guid":{"rendered":"https:\/\/www.limlawchambers.com\/?p=567"},"modified":"2023-05-01T14:55:13","modified_gmt":"2023-05-01T06:55:13","slug":"after-a-debtor-passes-away-do-their-debts-no-longer-need-to-be-repaid","status":"publish","type":"post","link":"https:\/\/www.limlawchambers.com\/zh\/slider\/after-a-debtor-passes-away-do-their-debts-no-longer-need-to-be-repaid\/","title":{"rendered":"After a debtor passes away, do their debts no longer need to be repaid?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.boh.com\/globalassets\/article---debt-series-1---hero-02.jpg\" alt=\"wooden blocks spelling 'debt' placed on top of stack of quarters\" width=\"800\" height=\"351\"><\/p>\n<p>&nbsp;<\/p>\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654]\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\">\n<div class=\"flex flex-grow flex-col gap-3\" style=\"text-align: center;\">\n<div class=\"min-h-[20px] flex flex-col items-start gap-4 whitespace-pre-wrap break-words\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p><strong>After a debtor passes away, do their debts no longer need to be repaid?<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Unfortunately, the debts do not automatically disappear because of the debtor&#8217;s death.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"text-decoration: underline;\">Will the family members automatically inherit the debts?<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>In legal terms, family members of a deceased debtor are not obligated to take on the debts.<\/p>\n<p>Personal debts are personal debts and do not extend to family members.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"text-decoration: underline;\">So, does that mean the debts do not need to be repaid?<\/span><\/p>\n<p>They still need to be repaid.<\/p>\n<p>Section 68 of the Probate and Administration Act&nbsp;1959<em>:<\/em><\/p>\n<p>If the debtor has an estate, the executor or administrator of their will has a duty to use the remaining assets to prioritize debt repayment on behalf of the deceased debtor.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"text-decoration: underline;\">What kind of debts are we talking about? <\/span><\/p>\n<p>Debts may include funeral expenses, loans, legal fees, credit card debts, etc.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"text-decoration: underline;\">Is it possible to prioritize giving the beneficiaries their inheritance before handling the debts?<\/span><\/p>\n<p>This would be considered improper conduct.<\/p>\n<p>Creditors can sue the executor or administrator of the will to recover the assets that have already been distributed in order to repay the debts.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between lg:block\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center mt-2 gap-2 md:gap-3 lg:gap-1 lg:absolute lg:top-0 lg:translate-x-full lg:right-0 lg:mt-0 lg:pl-2 visible\" style=\"text-align: center;\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; After a debtor passes away, do their debts no longer need to be repaid? &nbsp; Unfortunately, the debts do not automatically disappear because of the debtor&#8217;s death. &nbsp; Will the family members automatically inherit the debts? &nbsp; In legal terms, family members of a deceased debtor are not obligated to take on the debts. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"_joinchat":[],"footnotes":""},"categories":[1],"tags":[158,55,152,153,156,157,61,60,59,58,33,50,53,36,51,52,18,54,154,57,56,155,144,145,88,148,38,67,34,150,74,75,141,72,69,151,149,93,91],"gutentor_comment":1,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.limlawchambers.com\/zh\/wp-json\/wp\/v2\/posts\/567"}],"collection":[{"href":"https:\/\/www.limlawchambers.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.limlawchambers.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.limlawchambers.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.limlawchambers.com\/zh\/wp-json\/wp\/v2\/comments?post=567"}],"version-history":[{"count":2,"href":"https:\/\/www.limlawchambers.com\/zh\/wp-json\/wp\/v2\/posts\/567\/revisions"}],"predecessor-version":[{"id":569,"href":"https:\/\/www.limlawchambers.com\/zh\/wp-json\/wp\/v2\/posts\/567\/revisions\/569"}],"wp:attachment":[{"href":"https:\/\/www.limlawchambers.com\/zh\/wp-json\/wp\/v2\/media?parent=567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.limlawchambers.com\/zh\/wp-json\/wp\/v2\/categories?post=567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.limlawchambers.com\/zh\/wp-json\/wp\/v2\/tags?post=567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}