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Your husband passed away leaving an estate He had 3 bank loans 2 unsecured your name is not on any loan docs Are you responsible for paying them back?
Wiki User
∙ 16y ago
Well, the estate is responsible for paying them back, so the money will come out of the estate, which will mean that you will inherit less money from it. So in a way, you will be paying back the loans. That or the bank will put a lien on the property to secure their debts.
Wiki User
∙ 16y ago
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Is a widow responsible for her husband's debt?
The husband's estate is responsible. If she was a co-signer or beneficiary of the debt, she will have some responsibility.
Who is responsible for mortgage on an estate foreclosure?
The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.
What happens when your husband dies leaving an outstanding car loan?
The lending institution can place a claim for payment against the estate.
Can husband be held liable for wifes debts in state of Arkansas?
In Arkansas the estate will be responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved.
Is personal representative responsible for mortgage of estate?
They are responsible for paying it from the estate's funds. They do not have to pay it personally.
Is a widow responsible for her husband's debt?
The husband's estate is responsible. If she was a co-signer or beneficiary of the debt, she will have some responsibility.
If there is no money in a person's estate that has passed away do their loans that are unsecured have to be paid?
The estate is responsible for the debts of the deceased. The creditors should be notified of the death but they are out of luck is there are no assets.
Who is responsible for your credit cards when you die if there is no husband?
Typically the estate is responsible for clearing up any liabilities. The affairs of the estate are usually handled by the executor of the estate.
In Colorado is husband responsible for his deceased wife's debt?
Her estate is responsible for the debt. In most cases he will have to pay from the estate or his own pockets.
Are you liable for unsecured debt if you die in Florida?
A dead person in any state is not liable for debt. The deceased's estate is responsible for the debts to the extent there are assets in the estate to pay them.
Your husband and you had a personal unsecured loan He died do you still have to pay all of the loan off?
If you co-signed the loan, yes, you will be personally responsible for the unpaid amount. if you did not co-sign the loan, your husband's ESTATE may be liable for the loan payoff. Talk to an attorney or the Probate Court for further information.
If your husband dies are you responsible for his bills?
His estate has primary responsibility. The spouse will likely be held as responsible as well.
In Texas is the wife of a deceased husband responsible for the husbands debt?
She is not directly responsible. The estate is going to be responsible. And since she will likely be getting the bulk of the estate, paying off the debt will reduce her amount.
Is a widow responsible for her deceased husband's debts even though there is no estate?
That is the reason to create an estate. However, in most cases the spouse will have benefited from the debt and be held responsible.
Is your mother's estate responsible to pay her ex husbands judgments?
The responsibility of your mother's estate to pay her ex-husband's judgments would depend on various factors such as the terms of their divorce agreement, any existing court orders, and the laws of the jurisdiction in which the divorce took place. It is advisable to consult with a lawyer who is knowledgeable in probate and family law to understand the specific circumstances and determine the estate's obligations.
Are you responsible for your deceased husbands medical bills?
The estate will be responsible. The husband indirectly will pay, as they cannot inherit until they are resolved.
Is wife responsible for deceased's husband medical bills in Oklahoma?
In Oklahoma the estate will be responsible for the medical bills of the deceased. Only after they are resolved can the estate be closed and any remainder distributed.
