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If a parent owes credit card debt are the children responsible after the parent is deceased?
Wiki User
∙ 17y ago
If they are not an account holder they are not responsible for the debt. All debts and assets and wills are handled in accordance with the state probate laws in which the deceased lived and/or owned property.
Wiki User
∙ 17y ago
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When a parent dies in Louisiana are the children responsible for the debt still owed by the deceased parent credit cards taxes mortgages etc?
The estate is responsible for all debts. Please consult a probate attorney for specifics on how to open an estate.
Would a parent be responsible for credit card debt of their deceased adult child?
Generally no, unless they were a co-signer on the account.
What if deceased parent's home mortgage is more than the property can be sold for?
The bank will take possession of the property by foreclosure. If the mortgage is in the deceased parent's name it will not affect anyone's credit.
Is an adult child of a deceased parent responsible for foreclosure debts?
Not unless they were listed on the deed of the property that was foreclosed. The estate is responsible for settling the debts.
In Florida what should a daughter do about credit card debt of a deceased parent?
Make sure the executor of the estate is aware of the debts. Those debts have to be resolved before there can be distribution of the estate.
Are adult children responsible for credit card debt of a deceased parent who had no estate and who lived in the state of Pennsylvania?
No.
Are children responsible for a deceased parent in the state of Pennsylvania?
The estate is responsible for all the debts of the deceased. The children are not required to pay them from their own funds, but it will reduce the amount they inherit.
When a parent dies in Louisiana are the children responsible for the debt still owed by the deceased parent credit cards taxes mortgages etc?
The estate is responsible for all debts. Please consult a probate attorney for specifics on how to open an estate.
Do the children have to pay the debts of their deceased parents?
If you were not a joint debtor you are not responsible for repayment of deceased parent(s) debts.
When a widowed parent dies in California are the children responsible for the debt owed by deceased parent for loans credit cards taxes etc?
When someone dies in CA the relatives of that person are NOT responsible for the debts owed by that person. The credit cards and loans would like you to think you owe the money, but you don't.
In the state of Maryland who pays the credit card debt of a deceased parent?
Generally, the deceased parent's estate is responsible for the debts of the deceased. The creditors should be notified of the death. If there are any assets the estate should be probated.
Are children of deceased parent responsible for bills in ga?
In Georgia the estate is responsible for the medical bills of the deceased. Only after they are resolved can the estate be closed and any remainder distributed.
Do adult Children have to pay the credit card debt after the death of last parent?
The estate is responsible for the debts of the deceased. If there are any assets they must be used to pay the debts. If not then the creditor is out of luck.
Would a parent be responsible for credit card debt of their deceased adult child?
Generally no, unless they were a co-signer on the account.
Are adult children responsible to take over the house of a deceased parent?
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.
Are adult children responsible for deceased parents nursing home debts when they are broke?
Generally, a parent's estate is responsible, the children are not--even when the children are not broke--, unless the children have committed themselves to pay for the obligation in some other way.
Are children responsible for medical bills of a deceased parent in Pennsylvania?
For Pennsylvania the estate has the responsibility to settle the medical bills, not the children. Once that is done, the remainder can be distributed.
