Are children of deceased responsible for his debt in California?
The estate is responsible for all the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.
Are surviving children in Pennsylvania responsible for paying the mortgage debt of deceased parents?
No they are not personally responsible for the debt in California, or any state. One of the primary reasons to open an estate is to resolve such debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
The Estate is responsible for any debt. So, for example, if they die and have $100,000 in the bank, that pays their debt before any money goes to the children. But the limit of the debt is/are the assets of the deceased. So if they have no money, the debt is NOT passed on to the children. Any money that comes as a result of the death MAY be required to be applied to the…
Is the spouse of a deceased credit card holder responsible for his debt if the spouse was not on the card in California?
Can adult children be responsible for burial or paying debt of a deceased parent if said parent abandoned them as a young child and there has been no contact for more than 20 years?
When a widowed parent dies in California are the children responsible for the debt owed by deceased parent for loans credit cards taxes etc?
California is a community property state, therefore if there is a surviving spouse he or she is responsible for all outstanding debt including credit card accounts even if the decedent was a sole account holder. If there is not a surviving spouse the credit card debt will become a part of the probate procedure and will be handled according to the state laws of distribution of an estate.
Who is responsible for a debt if the credit card company of the deceased turns the unpaid balance to the collection agency for the family to pay but there is no spouse or children?
If there is no inheirator of the deceased's estate no one is responsible. However if you have inheireted the decease estate and accepted that then you also have to accept the debt. Payment of debt should come from the estate of the deceased. If the estate of the deceased is without sufficient resources to pay the debts and the deceased does not have joint obligation with anyone, the total of debt should be added together…
Can you be held responsible for your deceased fathers debt in California if you are the only heir and your fathers debt exceeds his assets?
If the debt exceeds the assets, the assets must be sold to cover the debt. Heirs are not responsible for any remaining debt. Certified letters along with a certified death certificate should be sent to each debtor that can not be paid in full after the sell of assets. In this case there would be no inheritance.
Only if you are a joint debtor. Surviving family membes are not responsible for the debts of deceased parents, siblings or other relatives. The exception might be if the person signed an agreement with a care facility, hospital, medical clinic, doctor, etc. to be responsible for debt incurred during the deceased person's treatment/confinement.
Are the surviving children responsible for paying off their own debt backed by the estate of the deceased?
The estate is responsible for paying off the bills of the deceased, first and foremost. Surviving children should not have access to the funds until the estate is settled. If the children are minors, the court will appoint a guardian and will usually advance living expenses to insure they aren't without money and a place to live.
In the US a surviving spouse is responsible if the married couple resided in a community property state or the spouse accepted the responsibilty by signing a written agreement. If such is not the case and the deceased had no unexempt assets that can be used to pay medical expenses the debt becomes null and void. Surviving children or other relatives are not responsible for the debt unless they signed a written agreement accepting responsibility.
In the state of Florida are children responsible for the medical bills or a deceased parent when there is not money or an estate?
Yes and no. The estate of the deceased is responsible for payment of any debts of the departed, so if you had been willed any form of an asset then it could be liquidated or levied for the repayment of a debt owned to the estate. The only time children or a surviving spouse are liable is if they put themselves up as a guarantor, including co-signing on a car, apartment, credit card, and/or medical…
No. The age of the children is not relevant unless they are adults who entered into a financial agreement with the parents. For example joint holders of a credit card account. The estate of deceased person(s) is responsible for paying any debts in the manner prescribed by the probate laws of the state where the person lived at the time of their death.