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.
No. At 18, the child becomes an adult and is responsible for his own debt.
NO
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.
ONLY if the Parent Co-Signed for the Debt. Otherwise NO.
A minor child can not enter into a contractual agreement of any kind and is not responsible for debt. A minor child under the age of 15 must have a bank statement or any other statement sent in care of the parent.
Only if you are a named joint debtor.
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.
Heirs are not responsible for any debt. The debt is the responsibility of the estate. If there are not adequate assets, the debtors don't get paid and the heirs will not receive anything.
ID SAY THE SPOUSE IS RESPONSIBLE FOR THE DEBT
The decedent's estate is responsible for any debts incurred by the decedent.
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.
Normally the estate has that responsibility. If the children co-signed, they can be held personally responsible.
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.