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Are children of deceased responsible for his debt in Colorado?

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2012-02-25 17:01:21
2012-02-25 17:01:21

The estate is responsible for 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.

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The estate of the deceased is responsible for the debt.


Her estate is responsible for the debt. In most cases he will have to pay from the estate or his own pockets.


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No, but usually the Estate will have to pay them before passing on any inheritance to the children.


Typically they are no responsible. However, the estate has to resolve it before making a distribution.


Not unless they co-signed for the loans or credit cards. The estate is responsible for the debts.


If they are not an account holder they are not responsible for the debt. All debts and assets and wills are handled in accordance with the state probate laws in which the deceased lived and/or owned property.



Not unless they co-signed for the debt. The estate is responsible for any remaining debts. If there is not enough in the estate to cover them, someone will not get paid.


If you were not listed as a joint account holder you are not responsible for the debt.


The children are not directly responsible in Pennsylvania. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.


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.


The estate is responsible for the decedent's credit card debt.



No, if they were not joint debtor's with the deceased they are not responsible for any of his or her debts.


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 debt. The funeral expenses come first, then hospital expenses, then other debt. However, if there is a wrongful death suit, or insurance payout, you should check with a licensed attorney in your state.


Generally, the dedecent's estate is responsible for the debts of the decedent. If there are not enough assets to pay the debts the estate is declared insolvent.


of course; it would be offensive if not


Typically they shouldn't be. The debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.


No one. In that case the debters are SOL (although I believe they may be able to seize the deceased persons assets and sell them all to pay off as much of the debt as possible)


The estate of the deceased is responsible in Florida. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.


In Connecticut and other states, the children are not personally responsible for the bills, unless they co-signed them. However, the estate is responsible. Which means that the estate may be depleted and a lien placed on the house. The children may not inherit anything.


As in all states, Idaho require the estate to be 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.



ONLY if the Parent Co-Signed for the Debt. Otherwise NO.



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