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Tax Responsibility for Deceased Parents It could depend on what kind of taxes. If it's US Federal or state income tax, only the person(s) signing the return are liable. If it is property taxes, the house will be sold at auction after it is seized by the tax collector. The IRS/State can take the filer's property, real or personal to be sold for back taxes.More input from FAQ Farmers:
- In most cases no, because they were not the childrens' taxes, now if there is anything "left" to the children, it may be taken by the IRS or other agency and auctioned off until the debt is paid. Usually they will give the executor of the estate a time frame (sometimes 90 days) to sell off any assests of the deceased and submit payment, after this time is up they come in and auction it for themselves. If there is "nothing left" in possession of the deceased it usually won't fall to the childrens' responsibility unless they possess some of the deceased money or possessions.
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Are children responsible for medical bills of a deceased parent when there is not money or an estate.?
Answer well yes and no yes because your her or his only living relative which meaning you are responsible for all debts but youk need to talk t…o your lawyer because there is some way they can handle that if you all put her or him in the hospital or if she or he put you down as the person to get in touch then yeah so talk to a lawyer or your lawyer they could better answer these questions tell you what your rights are * No. The exception would be if they signed an agreement stating that they accepted such responsibility. Signing hospital admittance forms or other such type forms does not make the person liable for medical bills.
Answer No, if they were not joint debtor's with the deceased they are not responsible for any of his or her debts.
Technically, no. The "estate" of the decedent is responsible, through the actions of the executor, for collecting the assets and receivables and paying all of… the debts of the estate prior to distribution to the heirs, if any. If the heirs take a share prior to payment of all the debts, they can be forced to return the property or money to the estate if needed for the debts.
Are adult children responsible for credit card debt of a deceased parent who had no estate and who lived in the state of Pennsylvania?
In the state of Florida are children responsible for the medical bills or a deceased parent when there is not money or an estate?
In Florida the children are not personally responsible for the debt. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the …court approves the distribution, the debts are ended.
The estate is responsible for paying all debts.
Children are not responsible for the debts of their parents. The estate must settle the debts. The exception would be if a child signed any paperwork gaurenteeing the medica…l costs.
Generally, the dedecent's estate is responsible for the debts of the decedent. If there are not enough assets to pay the debts the estate is declared insolvent.
Unlikely but the estate may have obligations. The question itself is very vague. Do you mean medical bills? Credit card bills? Utility bills? Exactly what type of debt? No on…e is responsible for a medical bill, credit card bill (unless they're in joint names), utility bills except for the person the bill is in their name. Paying a spouse's hospital bill after their death is unnecessary. It doesn't matter if it's AZ or any place in the U. S. The only bill you must pay is the mortgage itself otherwise you will lose the property if that's not paid. Also a car note if that's not paid the car will be repo-ed. Not paying the electric bill means no electric the same for the cable bill. Paying any bills out of the estate is up to the individual who inherits the estate but in my opinion the bill dies with the deceased. Think about it once a person is dead you tell the bill collector they're no longer alive you won't get another phone call or another bill since you can't collect from the dead.
The taxes of a deceased person would be the responsibility of that person's estate. If the children are the administrators/executors of the the estate, then they would be resp…onsible for filing the taxes on behalf of the deceased; but the payment would come out of estate funds, not from the children personally.
Typically they shouldn't be. The debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsibl…e. Consult a probate attorney in your jurisdiction for help.
What are adult children responsible for paying from a deceased parent with no Will or estate but multiple medical bills?
Probably not. The estate may be used to pay bills but the children should have no personal liabilities.
No, they are not responsible unless they guaranteed the debt. One of the primary reasons someone should open an estate is to resolve such debts. The estate has to pay off the …debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
It is not the parents, but the estate that is responsible for any remaining debts. That will include medical bills. If there is not enough in the estate to cover them, someone… will not get paid.
Not unless they co-signed for the debt. The estate is responsible for any remaining debts. If there is not enough in the estate to cover them, someone will not get paid.
Normally there is a will, stating who will inherit the house. Whoever inherits the house will be responsible for it. If there is no will, the courts will decide.
No, the estate is responsible for the medical bills of the deceased. Only after they are resolved can the estate be closed any remainder distributed.