If you die is interest on your debts suspended?

keith234

I ask this question, mainly because the grandmother to my children died some time ago, leaving money to my children. At the time of her death I was informed that all interest she may receive on her bank accounts would be stopped because a bank cannot pay interest to someone who does not exist… or something of that nature.

I am wondering if the same is true for interest on debts such as credit cards or loans?

jamesd

Debt continues largely as it did while alive and the money is taken from the estate.