0
Who is responsible for the credit card debt of a relative who has passed away?
Wiki User
∙ 17y ago
Legally, the estate that belongs to your son would be liquidated and used to pay off creditors. Any outstanding balance beyond the value of the estate is "uncollectable" and must be written off by the creditors. Look to your legal professional for specific details as to how they apply to your specific situation. Warmest regrets for your loss.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
Who is responsible for credit card debt after someone passes away?
No one. The family is not responsible for the debt. Credit cards want people to think they are, but it is volunteer to pay/assume the debt of the person who passed away.
Is the husband respoNsible for spouse credit card debt if the spouse has passed away?
Debts of the spouse are considered to have benefited both of them. He can be held responsible for the debts.
If a parent passed away and their child was an authorize user on their credit card who is responsible for the debt?
It would depend on the age of the child.
If you and your husband are joint tenants on credit cards are you responsible for the debts if he has passed away?
Yes. When an account is jointly held, all parties are equally responsible for the entire amount owed.
Who is responsible for grandmother's credit card debt?
The responsibility for your grandmother's credit card debt typically falls on her estate after she passes away. If there are insufficient funds in the estate to cover the debt, the creditors may not be able to collect. It's advised to consult with a legal professional to understand the specific implications in this situation.
Who is responsible for your credit card debt after your death in Ontario?
I live in California, and my grandmother passed away and I contacted the credit card companies, told them she died, sent a death certificate, and they took care of the debt.
When an adult passes away who is responsible for their funeral?
Their closest relative probably
My grandmother passed away and she co-singed for on a loan for a garage on the property with her son-in-law. Who is responsible for paying the debt since she has passed?
Your grandmother only co-signed. She would not be responsible for it unless he did not pay. Since she has passed away he is totally responsible for paying the debt.
In the U.K.your husband has passed away are you responsible for paying his credit card debt if his name is the only one on his credit card account?
The "you" who would be responsible for his credit card debt would be the benefactors of his estate. In most states, that automatically goes to the wife. I would check with an attorney before liquidating any assets to pay the debt.
My husband passed away and had a credit card in his name only. Is the surviiving spouse responsible for paying off the balance?
Only if the couple resided in a community property state at the time of death.
In the state of Ohio is a spouse responsible for medical bills or credit card debt after the spouse has passed away?
My husband has termial cancer and I was wondering when he passes will I be responible for any credit card debts he has and any of his medical bills? We live in the state of Ohio.
Your Mom passed away with no estate and you have joint credit cards that she put you on Can you tell the creditors you can't pay them without hurting your credit?
if you are a joint user(you signed papers) then NOPE you're just as responsible. If you are an authorized user that may be different ans something to check into.
