Yes, unless these assets had been part of a trust and moved within such entity at least 10 years prior to the legal action. Any willed assets are first subject to the debts and claims upon the deceased estate by its creditors, leaders and litigants. However, if the balance owed becomes negative you would not be liable for paying his remaining bill; at least not in the US.
Only insofar as the judgment can be levied against the estate of the deceased. Since it can be assumed that the willed property was part of the estate's assets then it can be liened if there are insufficient other funds in the estate's assets to satisfy the judgment.
That vehicle will go to whoever that person willed it to. If no one was willed for it then it will go to the next of kin or whoever is taking over the estate.
In order for something to be willed to someone, it has to be in the estate. Both individuals will have equal rights to the property as tenants in common.
No.
Only the administrator of the estate, or any person the car was willed to can sell the car.
There is no requirement that the estate do so. It could be done depending on the will and the number of debts involved.
If the exact wording is "to my surving children", then all other children who predeceased the testator or out.
Yes. And what a mess it would be.
A personal loan is an asset to the estate. As such it can be willed to someone else if there is proper documentation of the loan.
You will need to talk to the executor of your mother's Will. If this is you, you will need to see whom the house is willed to - if it is your sisters, a decent estate lawyer can draw up the paperwork relatively quickly. If there is no Will, or the house is otherwise deeded or has a lien on it, things will get complicated quickly and you will need to contact an estate lawyer.
that depends on whether it is paid off or still has a loan/lean on it. if it is paid off, it must be willed to somebody, or it can be purchased from the estate. if it has a loan on it it can either be givin back to the lender, or the loan can be taken over by the executor of estate. if it is to be bought form the estate it must be sold by the executor of estate. if it is willed to a person and it is paid off you simply have to do the paperwork to make it legally yours. in any case, the best person to discuss this with is the executor of estate, or the deceased's lawyer. they can handle or guide you to your options. just an fyi, the executor is essentially somebody who has power of attorney. they are typically the widow, or somebody appointed in the will.
Yes and no. The estate of the deceased is responsible for payment of any debts of the departed, so if you had been willed any form of an asset then it could be liquidated or levied for the repayment of a debt owned to the estate. The only time children or a surviving spouse are liable is if they put themselves up as a guarantor, including co-signing on a car, apartment, credit card, and/or medical care.