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Only if you are a named joint debtor.
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∙ 14y ago
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Can a parent be held responsible for a minor child's debt?
Yes a parent can be held responsible for a minor child's debt if the parent co-signs on a loan with the child. For credit cards, if the child is an authorized user on a parent's account the parent is also responsible for this debt.
Is child liable for a deceased parent's debt?
As long as the child is not a cosigner on the debt, the child is not responsible for parent's debt. The parent's estate would be responsible for the debt. Technically this could reduce the inheritance the child receives, but it is not the responsibility of the child.
Is a surviving parent responsible for deceased adult child's debt?
ONLY if the Parent Co-Signed for the Debt. Otherwise NO.
If a dependent parent dies are the children responsible for the tax debt?
If a dependent parent dies then the estate will be responsible for their tax debt. If you are over their estate then you would have to ensure that the government gets their taxes.
Would a parent be responsible for their deceased adult childs debt in NY state?
NO
If a 16 year old is legally married in the state of Tennessee incurs debt who is responsible for that debt the spouse or the parent of that 16 year old child?
ID SAY THE SPOUSE IS RESPONSIBLE FOR THE DEBT
Is the estate responsible for gambling debt incurred by a parent?
The decedent's estate is responsible for any debts incurred by the decedent.
If a parent owes credit card debt are the children responsible after the parent is deceased?
If they are not an account holder they are not responsible for the debt. All debts and assets and wills are handled in accordance with the state probate laws in which the deceased lived and/or owned property.
When a parent dies are their children responsible for their debt?
Normally the estate has that responsibility. If the children co-signed, they can be held personally responsible.
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.
If my husband dies and leaves credit card debt and our childrens parent plus loan debt am I responsible for assuming the debt in PA?
not if you have death insurance on the loan and credit cards
If a 20 something year old dies and has debt under their name is the parent responsible for the debt?
No. The person's estate would be responsible for the debt. The creditor could attach any assets owned by the decedent but if there are no assets the creditor would be out of luck.
