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Not unless said children have made a written or verbal agreement with whomever holds the debt to repay monies owed.
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Are children responsible for their deceased mother's debt in the state of Maryland?
Typically they are no responsible. However, the estate has to resolve it before making a distribution.
Are children responsible for parent debt after their death in VA?
The child is not responsible for the debts of the parents. The estate has to resolve all of these before they can close it out.
Are adult children responsible for deceased parents debt in Minnesota?
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.
Are the children responsible for burial and debt for parents in Texas?
The children are not directly responsible for burial costs and debts in Texas. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.
Are surviving children in Pennsylvania responsible for paying the mortgage debt of deceased parents?
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.
Are children responsible for parents nursing home debt in NY?
In New York, children are not automatically responsible for their parents' nursing home debt. However, under certain circumstances, such as if they have signed a contract agreeing to be financially responsible for the debt, or if they have transferred their parents' assets to avoid paying for care, they may be held liable. It is recommended to seek legal advice in such situations.
Are adult children liable for the debt if a parent files for bankruptcy?
No, if the adult children are not joint debtors they are not responsible for their parents debts. If they are joint debtors the parents' debts could be discharged in BK leaving the adult children who were not a part of the BK procedure open to the recovery of the debt(s) by creditors.
Do parents get into debt?
Yes, parents often go into debt. It is expensive to raise children.
Do you assume child support debt if you marry someone who is paying in New Mexico?
No. Only biological parents or adopting parents are responsible for the financial support of minor children.
If both parents die who is responsible for the debt?
The estate.
Is wife responsible for husband debt in Maryland?
Normally the spouse is held liable for the debt. The presumption is that they benefited by the goods and services.
Do children become responsible for deceased parents debt in Connecticut?
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.
