The debtors have to write off the money. If the assets of the estate do not cover the bills, there is little they can do, unless there is a co-signer to the obligation. It is not uncommon for the estate to be unable to cover all of the debts, particularly if there were major medical bills.
All cases are different and it is best to contact a probate or estate planning attorney to ensure protection of your assets.
Generally, that depends on what the person signed when they hired the attorney. An attorney doesn't usually take on a probate in which there are no assets so there must have been assets in the beginning. If the assets are gone as the result of some action on the part of the executor then he/she may be liable for the costs of the probate. The debts of any estate must be paid before any property can be distributed. That includes the attorney's fees.
Generally, the estate is responsible for paying the debts of the estate and the costs of probate. However, it depends on what you signed when you hired the attorney. You need to review copies of those documents. If the executor mishandled the estate funds they may be personally liable for any resulting debts.
The estate is responsible for all the bills of the deceased. The spouse will be required to pay them from the estate funds.
You haven't explained what the "beneficiary funds" consisted of or where you got them. If the funds came from a joint account with you and the decedent or from a "payable on death" account with you as the beneficiary the funds are not part of the probate estate. You should visit the court where the probate was filed immediately if you think you are a victim of fraud by the administrator. You can file a motion to have your question answered after a review by the court. If the administrator is mishandling the estate she can be removed and replaced by the court.You haven't explained what the "beneficiary funds" consisted of or where you got them. If the funds came from a joint account with you and the decedent or from a "payable on death" account with you as the beneficiary the funds are not part of the probate estate. You should visit the court where the probate was filed immediately if you think you are a victim of fraud by the administrator. You can file a motion to have your question answered after a review by the court. If the administrator is mishandling the estate she can be removed and replaced by the court.You haven't explained what the "beneficiary funds" consisted of or where you got them. If the funds came from a joint account with you and the decedent or from a "payable on death" account with you as the beneficiary the funds are not part of the probate estate. You should visit the court where the probate was filed immediately if you think you are a victim of fraud by the administrator. You can file a motion to have your question answered after a review by the court. If the administrator is mishandling the estate she can be removed and replaced by the court.You haven't explained what the "beneficiary funds" consisted of or where you got them. If the funds came from a joint account with you and the decedent or from a "payable on death" account with you as the beneficiary the funds are not part of the probate estate. You should visit the court where the probate was filed immediately if you think you are a victim of fraud by the administrator. You can file a motion to have your question answered after a review by the court. If the administrator is mishandling the estate she can be removed and replaced by the court.
His estate must be probated after his death in order for title to the real estate to pass to his heirs legally. The state may place a lien against the property at that time for any funds it provided for his care. You may be able to pay the lien and inherit the property. You should consult with a probate attorney who can review your situation and explain your rights and options.His estate must be probated after his death in order for title to the real estate to pass to his heirs legally. The state may place a lien against the property at that time for any funds it provided for his care. You may be able to pay the lien and inherit the property. You should consult with a probate attorney who can review your situation and explain your rights and options.His estate must be probated after his death in order for title to the real estate to pass to his heirs legally. The state may place a lien against the property at that time for any funds it provided for his care. You may be able to pay the lien and inherit the property. You should consult with a probate attorney who can review your situation and explain your rights and options.His estate must be probated after his death in order for title to the real estate to pass to his heirs legally. The state may place a lien against the property at that time for any funds it provided for his care. You may be able to pay the lien and inherit the property. You should consult with a probate attorney who can review your situation and explain your rights and options.
The executor is not personally liable. They are required to use the estate funds to resolve bills.
Banks do not handle salaries or applicants in regards to an estate. They do not disburse funds after the account owner has died. You should contact the executor and the attorney who is handling the estate.Banks do not handle salaries or applicants in regards to an estate. They do not disburse funds after the account owner has died. You should contact the executor and the attorney who is handling the estate.Banks do not handle salaries or applicants in regards to an estate. They do not disburse funds after the account owner has died. You should contact the executor and the attorney who is handling the estate.Banks do not handle salaries or applicants in regards to an estate. They do not disburse funds after the account owner has died. You should contact the executor and the attorney who is handling the estate.
If he did not have insurance to cover the debt in the case of his death, the Probate court may order debt payment from the proceeds of his estate. If the proceeds are inadequate, the creditors may look to his heirs to make the debt good. His estate. If there are no funds, his heirs will not be charged unless they signed in as co-signers.
No, the relative would need to be included in the will, be named as a beneficiary or power of attorney, or be owed money by the estate. The executor of the estate will be in touch if any funds are available.
If they know that the person exists, then they establish a trust on behalf of that person. The court will have to approve the trust. If there is no known beneficiary, the estate will escheat to the state.
Probate is the legal process by which a person's final debts are settled and legal title to property is formally passed from the deceased to his or her beneficiaries and heirs. There are many arguments for and against probate and its value in an estate plan.
The estate is responsible for all the doctor bills of the deceased. The children are not going to be required to pay them from their own funds, but it will reduce what they inherit.