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A dead person in any state is not liable for debt. The deceased's estate is responsible for the debts to the extent there are assets in the estate to pay them.
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∙ 15y ago
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Does your wife have to pay off your credit cards when you die?
Not unless she is liable for the debt by another rule of law; e.g., she is a signatory on the debt or the debt is one for "necessaries." However, the decedent's nonexempt assets still are liable for the debts.
Am i responsible for my spouse's credit card debt after they die in the state of Ohio?
Only in certain instances. If your name on the credit card debt? For instance, is it a joint account? If so, you are liable for it. If not, you are not legally liable for it. Some sneaky collection agencies will try to tell you that you are liable when you are not. This is illegal. Learn your rights against collection agencies by reading up on the FDCPA.
When you die do your children have to pay your credit card off?
The estate is responsible for the debts. Anyone on the credit card would also be liable for the debt.
What are the dangers of being a WWE wrestler?
They are liable to die young
You owe money if you die is the debt over?
No the debt passes on the the heirs of the estate.
If you die what happens to your debt?
family
What happens when parents die and their debt is more than the assets by over 60000 in credit card debt and is this debt cancelled?
the debt dies with them... you owe nothing
Did Alexander die?
like all men he was or will be liable to death, do you have a particular Alexander in mind?
When did David Florida die?
David Florida died in 1971.
Who pays credit card debt if you die?
The debt will be paid from your estate. If there isn't enough, then the debt is discharged. The debt itself will not pass on to next of kin but a sizable debt might mean none of the deceased's estate does either.
Can a person apply for credit if they are terminally ill and if so who is liable for the debt after death?
Credit applications do not require a physical so, yes, you can get credit. You could even buy a house. Your spouse is liable for your debt when you are gone. If you have no spouse or partner (business, personal), then no person is liable. If you have debt, your debtors will seize your estate (bank account, house, car, ect) and all your belongings to sell and collect what is owed. Anything left over is split up for your family starting with your husband, then children, then other immediate family (mom, dad, siblings and down the chain of relation). If you have very special belongings, give them away now. This way, the creditors cannot take them when you die. Of course, there is always time after death for family to take what they want out of your house, but anything you own on paper (car, house, big stuff) will be seized unless you sign it over to another family member.
If both parents die who is responsible for the debt?
The estate.
