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That depends on the nature of the debts- whether they are joint debts. If they are solely debts of the decedent then his estate is responsible. You should speak with an attorney to determine your rights and obligations.
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∙ 15y ago
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How long does a lien last when the lien holder is deceased?
Different types of liens have their own statutes of limitations. The heirs of the deceased would inherit the right to collect the debt if they have proof the money is owed. Be aware that your debt doesn't die with the person to whom you owe money.
In Massachusetts is a surviving spouse responsible for deceased husbands credit card debt?
Indirectly. The estate of the deceased husband is responsible for resolving all of his debts. Since the widow is going to be the primary beneficiary of the estate, she will inherit less because the estate has to pay the debt.
Is the daughter of deceased father liable for his debt in Texas?
The estate of the deceased is liable. If you inherit any money, property or valuables these should have been used to settle the estate. If there was no estate then you will need to show this to the IRS.
Are you responsible for your deceased husbands car payments if your name is not on the title or on the loan?
unless his will states otherwise you inherit all of his property and debt. that includes, loans.
Do you inherit debt?
No, you do not inherit debt. Unless you choose to do so. The estate is responsible for ending the debt by either paying it off or showing the court there are no assets.
Who is responsible for credit card debt after death in Louisiana?
The debts are paid from the deceased's estate, before the heirs inherit what's left (if anything). Debt is not inheritable though, so if the estate isn't enough, the heirs are not responsible for the remainder.
Are you responsible for your deceased husbands debt if there is no estate?
The estate will be responsible, so it would be a good idea to open one. The spouse indirectly will pay, as they cannot inherit until they are resolved.
If not legally adopted is a child intitled to inheritence or is the wife?
If there is not will and the child is not the natural child of the deceased, and has not been adopted, they have no legal standing to inherit anything. If the child is the descendant of the wife and not the deceased, the child will get nothing directly, the wife will inherit. And if there were children of the deceased, but not the wife, those children may inherit some things.
Can I sign my deceased mother's car title to a new buyer?
Did you inherit the car? If so, yes. If you did not inherit the car, then no.
In Nevada do you inherit your spouses debt when you get married?
yes
Can you inherit spouses debt after her death?
If both names are listed on the account, YES. If only the deceased spouse was listed they will try to collect. They may try to file a claim against the estate. And if they estate is large enough they will succeed. After all, it is a legal debt and should be re-paid.
Would your spouse be responsible for your business credit card debt if you were to die if she is not an account holder?
Your estate is responsible for your debts. If the business is owned by the deceased, the business is responsible. A spouse is not responsible, but the amount they inherit will be affected by the debts.
