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Debt Responsibility

Questions relating to the responsibilities for debts left by an individual that has died.

500 Questions

Are adult children responsible for paying foreclosure debts of deceased parents?

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In most cases, adult children are not personally responsible for paying the foreclosure debts of their deceased parents. Debts of the deceased are typically settled using the assets within their estate before any inheritance is distributed to beneficiaries. However, it is advisable to consult with a legal professional to understand the specific obligations in your jurisdiction.

Are children responsible for parents nursing home debt in NY?

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In New York, children are not automatically responsible for their parents' nursing home debt. However, under certain circumstances, such as if they have signed a contract agreeing to be financially responsible for the debt, or if they have transferred their parents' assets to avoid paying for care, they may be held liable. It is recommended to seek legal advice in such situations.

Are adult children responsible for a parent's nursing home debt in Pennsylvania?

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In Pennsylvania, adult children are not typically responsible for a parent's nursing home debt. However, there are exceptions if they agree to be financially responsible or if there is evidence of financial abuse. It is advisable to seek legal advice in such situations.

I am being sued by a nursing home for balance on my uncles' bill I was the POA am I responsible?

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As the Power of Attorney (POA), you generally do not have personal financial responsibility for your uncle's bills unless you signed a contract agreeing to be financially responsible. The nursing home may be pursuing you if your uncle's assets are insufficient to cover the bill. It is advisable to consult with a legal expert to evaluate your specific situation.

How can a home owner deed his house to his children prior to moving to a retirement home?

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The homeowner can transfer ownership of the house to their children through a deed transfer, such as a quitclaim deed or a warranty deed. It's important to consult with a real estate attorney to ensure all legal requirements are met and to understand any potential tax implications of the transfer. Additionally, consider the implications on Medicaid eligibility if the transfer is made within a certain timeframe before moving to a retirement home.

Is the spouse responsible for a mate that is in prison for anything?

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In general, spouses are not legally responsible for actions that result in their partner being imprisoned. However, spouses may have certain obligations like providing emotional support or handling shared financial matters. Each situation is unique, and legal responsibilities can vary based on individual circumstances and legal agreements.

Is a perpetrator responsible for medical bills?

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Yes, a perpetrator may be held responsible for the medical bills of their victim as part of restitution for their actions. This may be determined through civil or criminal proceedings, depending on the circumstances of the case. It is advisable to consult with a legal professional for guidance on how to proceed.

Does an estate have to place an ad in the newspaper to notify creditors of the death in South Carolina if the person was a legal resident of Florida when there are no asset other than a 401K?

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In South Carolina, if there are no assets in the deceased person's estate other than a 401K and the person was a legal resident of Florida at the time of death, it may not be necessary to place an ad in the newspaper to notify creditors. However, it is advisable to consult with an attorney familiar with the laws of both South Carolina and Florida to ensure all necessary steps are taken to handle the estate appropriately.

What does an executor of estate do when a will wasn't made and there is a lot of unknown debt Is it mandatory to post who the executor is in the newspaper so these debts can be paid?

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When there is no will, the estate is typically distributed according to state laws of intestacy. The executor would need to identify and pay off any known debts using the estate's assets. While it may not be mandatory to publish the executor's name in the newspaper, doing so can inform any creditors of the estate, making it easier to address outstanding debts.

Is wife responsible for credit card debt if husband dies?

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Asked by Wiki User

I live in Texas. My husband had a credit card in his name only. When he passed away, I was told I did not have to pay his card off. However, for me, I did anyway. First of all, I benefited from the things that were charged on it. Secondly, Jesus told us to pay Caesar what Caesar is due. To me, that means to pay our debts. I just felt it was the right thing to do to pay that card off. They were surprised when I called to do that. It also lets me sleep better at night and it pleases the Lord.

What is the explanation of how Pennsylvania got its name?

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Pennsylvania was named in honor of William Penn, the founder of the Pennsylvania Colony. The name "Pennsylvania" combines Penn's surname with the Latin word "sylva," meaning "woods" or "forest." The name was chosen by King Charles II of England to recognize the land grant he gave to William Penn in 1681.

Your aunt died intestate do you have any claim in her estate?

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Whether or not you have a claim in your aunt's estate depends on the laws of intestacy in the jurisdiction where she resided. In some jurisdictions, nieces and nephews may have a claim if there are no surviving parents, siblings, or closer relatives. Consult an attorney who specializes in estate law to determine your rights under the specific laws in your jurisdiction.

When to execute a will?

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A will should typically be executed while the testator (the person making the will) is still living and of sound mind. It is important to execute a will before any unforeseen circumstances arise, such as illness or accidents, that could affect the testator's mental capacity. It is best to consult with an attorney to ensure the legal requirements for executing a will are met.

Did the pilgrim paid off their debts with the fish they caught?

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Asked by Wiki User

I don't think they had debt. Credit cards weren't invented yet.

How do you obtain letters of testamentary in tx?

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You apply to the probate court. They will have a package of documents that have to be filled out and submitted to the court. Consult a probate attorney for specifics.

Is a wife responsible for husbands credit card debt after his death with no estate or will?

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Asked by Wiki User

If the card is in his name, only, there may be an out. You will need to get legal help.

Can you be sued for your husbands debt from before you were married?

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No. Before marriage what he comes into the marriage with in assets and debts are his and it is the same with you.

Is surviving spouse responsible medical bills in Michigan?

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The estate is responsible for all the bills of the deceased. The spouse will be required to pay them from the estate funds.