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Are children responsible for their parent's debts when the parent dies even if you are power of attorney?
Wiki User
∙ 16y ago
No
Wiki User
∙ 16y ago
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Who is the responsible person for a medical bill?
The guarantor is the person responsible for a medical bill. For a child, the guarantor is usually a parent.
When can your parents claim you as a dependent?
my parent died an her job sent a w2 form what do i do can i file it
Are parents responsible for child's IRS tax debt?
Responsibility of parent.Generally, a child is responsible for filing his or her own tax return and for paying any tax on the return. But if a dependent child who must file an income tax return cannot file it for any reason, such as age, then a parent, guardian, or other legally responsible person must file it for the child. If the child cannot sign the return, the parent or guardian must sign the child's name followed by the words "By (your signature), parent for minor child."Amounts a child earns by performing services are his or her gross income. This is true even if under local law the child's parents have the right to the earnings and may actually have received them. If the child does not pay the tax due on this income, the parent is liable for the tax.Certain Children Under Age 19 or Full-Time StudentsIf a child's only income is interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends), the child was under age 19 at the end of 2009 or was a full-time student under age 24 at the end of 2009, and certain other conditions are met, a parent can elect to include the child's income on the parent's return. If this election is made, the child does not have to file a return. See Parent's Election To Report Child's Interest and Dividends in chapter 31.Go to the IRS gov web site and use the search box for Publication 17 Your Federal Income Tax For Individuals chapter 1You can click on the below related link
What happens if you claimed yourself and your parent claimed you as a dependent on taxes?
you will have to pay your own taxes not your parents.
Can Two parents Claim the Same Dependent?
No, only one parent may claim the dependant. Generally it is the parent who has primary custody of the child. Your accountant may be able to explain the reasoning further.
Can an attorney collect unpaid fees from the parent of a child who is not a minor if the child owes the attorney money from a criminal case?
Generally, parents are not responsible for the debts of their adult children. (Sometimes there are exceptions for severely disabled children.)
What is the parent's responsibility for medical bills for adult children?
Parents shouldn't be responsible for adult children.
Are adult children responsible for dead parent's depts. I live in Canada and my father lives in the U.S. and has no will.?
you are not responsible for your parents debts.
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.
Do the children have to pay the debts of their deceased parents?
If you were not a joint debtor you are not responsible for repayment of deceased parent(s) debts.
What is the legal age of a child when a parent is no longer responsible in California?
In California, parents are legally responsible for their children until they reach the age of 18.
When a parent dies in Louisiana are the children responsible for the debt still owed by the deceased parent credit cards taxes mortgages etc?
The estate is responsible for all debts. Please consult a probate attorney for specifics on how to open an estate.
Are adult children responsible for deceased parents nursing home debts when they are broke?
Generally, a parent's estate is responsible, the children are not--even when the children are not broke--, unless the children have committed themselves to pay for the obligation in some other way.
What is the parent's responsibility for medical bills for adult children that are on the parents insurance policy?
If the child is over age 18, then the parent is not responsible for the child's medical bills. The child is legally responsible for anything that the insurance policy did not pay.
Are children responsible for parent's debt after the parent dies according to Michigan probate law?
In Michigan 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 Michigan for help.
Are children responsible for medical bills of a deceased parent when there is an estate or will?
Children are not responsible for the debts of their parents. The estate must settle the debts. The exception would be if a child signed any paperwork gaurenteeing the medical costs.
What age is parent no longer responsible for their child in new york?
In New York, parents are legally responsible for their children until they reach the age of 21.
