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When a person dies owing the IRS a lot of money is his new wife responsible for the debt?
Wiki User
∙ 15y ago
yes u do bacause u are married. you now take over the persons debts as his wife
Wiki User
∙ 15y ago
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Who are people who owe money called?
The presence of owing money is referred to as being 'in debt'. A person who is in debt is a debtor.
What is the meaning of debt?
Debt is a state of owing something (in this category the "something" would be money) to someone.
Are adult beneficiaries responsible for deceased parents debts?
No, you are not responsible for their debt. The only person legally responsible for a debt is the person that signed the contract for the debt. It doesn't matter if your dead parents left you money. Collection agencies cannot legally collect someone else's debt from you - but they will try. See the FDCRA to know your rights in debt collection.
When a person dies owing the IRS a lot of money are their children responsible for the debt?
The estate is responsible for he debts of the decedent. If the decedent was the sole owner of any assets at the time of death those assets must be used to pay the debts before any property can be distributed to the heirs. If there are no assets the creditors are out of luck.
What happens when you die owing money for credit cards and utilities?
The debt is given to your closest relatives
Who is responsible for deceased fiances debt when owing a house together?
Since the couple were not married the surviving person is only responsible for joint debts only. The status of the home ownership depends upon how the property is titled and the terms of the mortgage agreement.
Can a outside party send money to your credit card account?
Sure. The creditor doesn't care where the money comes from as long as the bill is paid. If you are concerned that the person might be responsible for the debt further by making a payment, they won't. Only the card holder is responsible for the debt. The execeptions being, if the person is married and lives in a community property state. Or an authorized signer, can sometimes be held responsible for a portion of debt.
Can you go to jail for a warrant in debt?
A warrant in debt is not an arrest warrant: it generally is a judgment against you and a notice that you are in debt to another person or an entity. You can never go to jail just for owing money to anyone or anyplace else, unless the debt was the result of a crime committed, such as a bad check.
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
Who is responsible for debt when a person dies in Washington?
The estate is responsible for debt. That is one of the reasons for opening probate.
Can an individual be held responsible for a girlfriend's debt?
Only if the person were a joint debtor. If the person did not jointly incur the debt nor enter into a financial agreement as a cosigner he or she is not responsible for that debt.
Does discussing an old debt with an collector restart the statute of limitations?
It can restart the clock if the debt is acknowledged. It is better not to talk to collectors and certainly not admit to owing the money.
