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Is the surviving spouse responsible for debt created solely in the name of a deceased when there are no assets to be sold by the estate because there were none in the deceased's name only?
Wiki User
∙ 19y ago
Depends on the state you live in. If it is a community property state, all debts and assets are considered to belong to both spouses. If not, then only the person who signed the contractual agreement is responsible. However, jointly titled assets are not necessarily exempt from creditors. It depends on how they are held and what they are.
Wiki User
∙ 19y ago
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What are your options if your husband died and there is no money to pay off credit cards?
A deceased person's debts and assets are handled according to the probate laws of the state where the person resided. If the married couple resided in a community property state the surviving spouse may be responsible for debts of the deceased spouse even if said debts were solely made. If the married couple resided in a non community property state the surviving spouse is not responsible for debts solely incurred by the deceased spouse. If he was the only signer, then you need to talk to the lender and find out where to send a "certified death certificate". This should take care of the account as the lender will show this as a loss. If you are signed on the application with him--then you have 2 options. 1. You will have to pay, as the accounts will have to be paid off or it will affect your credit; or 2. you file bankruptcy because you do not have the capacity to pay the accounts. I am sorry for your loss--good luck.
If your father and stepmother are both deceased and left their home to you and your siblings are you responsible for the mortgage or foreclosure of the property?
Because the property was not owned outright by the deceased persons being willed the property are responsible for the debt attached as well. If they do not want to take the financial responsibility of paying the debt or selling the property they can allow it to be included in the probate procedure and therefore are not responsible for foreclosure or other litigation connected to it. yes, you are responsible otherwise you lose the house you don not get it free just because someone dies. only the person named as heir to the house has to pay. just did this.
Can a spouse be held responsible for wife's premarital credit card debt in NJ?
Yes because when you get married you are one so your spouse whould be responsible for their debt because that means their in debt to
Does FLORIDA require the heir of a Florida resident's will to pay off the deceased resident's credit card and bank loans?
Because of the high impact in popularity
Is a wife responsible for a husband's student loans in a divorce in PA?
no she cant be because she did not take out the loans out
In Massachusetts is a surviving spouse responsible for deceased husbands credit card debt?
Indirectly. The estate of the deceased husband is responsible for resolving all of his debts. Since the widow is going to be the primary beneficiary of the estate, she will inherit less because the estate has to pay the debt.
What rights do landlords have when it involves a will giving the spouse 1 yr in the house?
If the only one on the lease is the one who made out the will, the surviving spouse has no rights, because the rights of the deceased ended when he/she died..give the surviving person a 30 day notice to vacate.
In North Carolina i8s the surviving spouse responsible for the medical bill of the dead spouse?
No, they may try to collect from you but for medical bills incurred by the deceased, the deceased's ESTATE is responsible for them. The Executor will have to address this matter with whatever funds are available in the estate.
What are your options if your husband died and there is no money to pay off credit cards?
A deceased person's debts and assets are handled according to the probate laws of the state where the person resided. If the married couple resided in a community property state the surviving spouse may be responsible for debts of the deceased spouse even if said debts were solely made. If the married couple resided in a non community property state the surviving spouse is not responsible for debts solely incurred by the deceased spouse. If he was the only signer, then you need to talk to the lender and find out where to send a "certified death certificate". This should take care of the account as the lender will show this as a loss. If you are signed on the application with him--then you have 2 options. 1. You will have to pay, as the accounts will have to be paid off or it will affect your credit; or 2. you file bankruptcy because you do not have the capacity to pay the accounts. I am sorry for your loss--good luck.
Who is responsible for payments when creditor deceased?
Normally this would fall to the Executor of the Deceased Estate. It is the responsibility of the Executor, to collect all payments and settle all debts of the Deceased. the deceased person's husband or wife.....if they weren't married then the property that the loan is for gets returned to the bank, which technically still owns it because the loan wasn't fully repaid.
What is the responsibilty of a surviving spouse regarding repayment of bank loan taken out by deceased spouse without her knowledge?
You should talk to a lawyer because laws are different, but in general the spouse shares liability for the loan.
Is a Husband responsible for medical bills of his deceased wife in KY?
Unfortunately, yes. If you were married when these bills occurred then yes you are responsible. It is like property of a married couple- anything that is acquired during a marriage belongs to both of you. So if these bills were acquired during your marriage then yes you are responsible. If your wife were still alive you would be held liable if you were still married. So just because she is deceased does not change this, Sorry.
If your father and stepmother are both deceased and left their home to you and your siblings are you responsible for the mortgage or foreclosure of the property?
Because the property was not owned outright by the deceased persons being willed the property are responsible for the debt attached as well. If they do not want to take the financial responsibility of paying the debt or selling the property they can allow it to be included in the probate procedure and therefore are not responsible for foreclosure or other litigation connected to it. yes, you are responsible otherwise you lose the house you don not get it free just because someone dies. only the person named as heir to the house has to pay. just did this.
In Illinois is spouse liable for deceased debt?
Yes, because the death does not really matter in terms of debt. One is responsible for any debts of their spouse anytime and all the time.
Is the spouse responsible for a deceased spouse's debt in West Virginia?
Yes, in West Virginia they will pay for the debt. Either through a reduced inheritance or because of perceived benefit from the debt.
Why does to sawyer live with his aunt polly?
Tom Sawyer lives with his Aunt Polly because his parents are deceased, and Aunt Polly took him in to care for and raise him. She is his guardian and responsible for his well-being.
What did it mean to call the poor ''wage slaves''?
they had a difficult time surviving because of low wages(:
