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.
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 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.
No
No, but the estate the deceased left may be responsible for these expenses.
no
The estate of the deceased is responsible for the debt.
The estate is responsible for the debts. If the estate has no assets, the creditors will not get paid. If there are not enough assets to pay the debts, the beneficiaries will not receive anything.
Only if they signed a contract or agreement to accept the responsibility. If not, the deceased's ESTATE becomes responsible for any debts.
In California the estate will be responsible for the debts of the deceased. Only after they are resolved can the estate be closed and any remainder distributed.
The estate is responsible for all the debts of the deceased. Indirectly the spouse will have to pay them off from the estate before she can inherit.
The estate is responsible for all the debts of the deceased in New Mexico. The spouse will only inherit what is left after the debts are resolved.
The estate is responsible for paying the debts of the decedent. No distribution can be made until the debts are paid. If there is not enough to pay the debts the court will declare the estate to be insolvent and the creditors are out of luck.