What happens to my debts after I die?

Last modified: August 10, 2023
Estimated reading time: < 1 min

Upon your demise, what was once known as your property would now be known as your estate. 

After death, your estate will pay for your debt and anything that remains will then move to your beneficiaries.

Aforementioned debts include but are not limited to:-

  1. Personal loans or business loans under your name.
  2. Car loans under your name
  3. Student debt under your name
  4. Credit card debt

Koha prepared a platform for you to list your debts, if any, that needs to be taken care of upon your demise in order to avoid any interruption from your will to be carried out.

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