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The debts are paid out of the deceased's estate, and this can include things that are jointly owned. Anything entirely in your name is safe. Even if the deceased's assets and joint assets are not enough, you are not responsible for the remaining debt.
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Are husbands responsible for wives secret debts?
Yes, they are going to be responsible. They are considered a beneficiary of the goods purchased.
Are you responsible for husbands debts after he dies in Pa?
The wife is not directly responsible unless she is on the contract. Most rules state that the spouse benefits from the debts and can be held responsible. The estate has to pay the debts before she can inherit anything.
Who is responsible for my deceased husbands medical bills in Florida?
Technically the estate is responsible for all the debts of the deceased. The spouse, through the estate, has to pay off the debts.
Is the wife responsible for husbands debts after death in Virginia?
In Virginia the estate will be responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved.
Are you responsible for your deceased husbands debt?
The debts of the deceased are the responsibility of the estate. The estate will resolve the debts before you get any money. Consult a probate attorney in your jurisdiction for help.
Is wife responsible for credit card debt in husbands name in Canada if he dies?
The wife is not directly responsible unless she is on the contract. Most Canadian courts would rule that the spouse benefits from the debts and can be held responsible. The estate has to pay the debts before she can inherit anything.
Who is responsible for a loan if both the borrower and guarantor have died?
The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.
Is a wife responsible for her husbands medical bills after he passes in New York?
The wife is not directly responsible unless she is on the medical insurance contract. Many courts would rule that the spouse benefited from the debts and can be held responsible. The estate must pay the debts before she can inherit anything.
Is wife responsible for deceased husbands medical bill in WV?
In West Virginia, as in all states, the estate is responsible for all the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.
What statement about corporations is not true?
their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts kking kkilla Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts
Your sister committed suicide and made you executor she has debts are you responsible?
No. You are not personally responsible for your sister's debts. The estate is responsible for the debts of the decedent.
Who is responsible for expenses while a home is in probate?
The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.
