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Can you be held responsible for your deceased fathers debt in California if you are the only heir and your fathers debt exceeds his assets?
Wiki User
∙ 15y ago
If the debt exceeds the assets, the assets must be sold to cover the debt. Heirs are not responsible for any remaining debt. Certified letters along with a certified death certificate should be sent to each debtor that can not be paid in full after the sell of assets. In this case there would be no inheritance.
Wiki User
∙ 15y ago
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Are children responsible for deceased fathers debt in California?
Not unless they co-signed for the loans or credit cards. The estate is responsible for the debts.
Are your fathers tenants still responsible for payment once he is deceased?
Yes.
How do I find my deceased fathers lost stocks?
find my deceased fathers assets
Are daughters responsible for deceased fathers bills?
No, she should be held responsible. Typically the estate is responsible for paying the debts, including all the bills of the deceased. If the daughter has co-signed any paperwork regarding those bills, she may be held liable.
You are a minor are you responsible for your deceased fathers debt?
Your father's estate is responsible for his debts. If he owned any assets when he died his estate must be probated. You should speak with an attorney.
My wife has been using a credit card of her deceased fathers credit I also used the card but did not know it was on his credit can i be held responsible for credit card fraud?
Yes!
Can your mother remove you from your fathers will he is deceased.?
No go see a lawyer.
Do you have to pay taxes on selling your deceased fathers house?
That is the question !
Your mother used a quitclaim deed to sell property and fathers deceased what about the kids?
My father is deceased my mother used quitclaim deed to sell property what about the kids do fathers interest pass to kids
Do you have to pay capital gains tax on your deceased fathers house when you sell?
Do you have to pay taxes on deceased mother's house when it sells
How do you find a deceased fathers life insurance company?
Search documents.
Who is responsible for deceased fathers unpaid medical bills?
Unless he had insurance to cover bills in the case of his death, the creditors will be looking to the heirs of his estate to pay them. The issue will more than likely be presented by his creditors in the Probate court.
