
Quoting
Taxing Matters
Death does not end your obligations on most contracts, whether with regard to real estate or anything else. This is especially true for contracts in which your obligation is the payment of money. Your estate instead takes over responsibility for performing the contract, e.g. the payment of the money owed or whatever. For example, if you owed taxes when you die, your estate then becomes liable to pay those taxes. Your death does not end your obligation to pay those taxes. If you owe money on a credit card at the time of your death, your estate takes over the obligation to pay the credit card debt. Your death does not suddenly make those obligations disappear. Here, your father obligated himself to pay rent for a certain period of time. His death does not end that obligation — his estate instead becomes liable to pay it.