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Are children resposible for their parents debts after they die?
Wiki User
∙ 12y ago
They are not directly responsible. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.
Wiki User
∙ 12y ago
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Will the debt of the parents have to be paid by the children when they die?
The debts of the parents are paid by the parent's estate, not their children.
Do you have to pay the debts of your parents if they die?
The estate of a decedent is responsible for the debts. The debts must be paid before any assets are distributed to the heirs.
If a mobile home in the name of only one spouse and they die is the other spouse resposible for the the debit?
The estate of the deceased is responsible for the debts. The spouse is going to have to pay the debt as a beneficiary of the home purchased by the spouse.
If both parents die within 3 months of each other and there is no estate and both were on medicare are the children responsible for paying the outstanding balances to the hospital?
The parents' estates are responsible for their debts. The creditors should be notified of their deaths. If there are no estates then the creditors are out of luck.
How do children get access to their parents' bank accounts if their parents die while on holiday?
If the person is not on the account they cannot access the account. All assets and property of deceased persons become a part of the estate as do all debts and are handled in accordance with state probate laws.
What title do the children of nobility have?
Depends on the rank of the parents. They inherit the title when the parents die.
What do you do if parents die and there is no will?
Then their children claim all of the parents' possessions when they come of age. This is part of inheiritance.
Is there a way to give the next generation of sims on sims 4 the parents money?
Usually the children just inherit the parents' money once they die, as long as the children continue to live under the same household as their parents once they die.
Do debts die with you in UK?
Your estate is responsible for paying your debts.
Who is executor if parents die with four children and no will?
The court will appoint an executor.
What rights have children who both parents die and leave a will?
Depend on what the will says.
What are parents called who have had a child die Spouses are widows widowers children are orphans what are parents who have lost a child?
Sad
