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Can you sell a car left to someone in a will to satisfy debts of the estate?
Wiki User
∙ 16y ago
As executor of the will it is your responsibility to pay all of the debts of the deceased from his estate before the beneficiaries get what theyve been bequeathed so yes you can sell a car if there is not enough money from any other source to pay the debt.
Wiki User
∙ 16y ago
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Can you save a house left to you or will it need to be sold to satisfy the deceased's debt?
That depends entirely on the valuation and the amount in the estate. Someone can purchase the home for fair market value and the proceeds go into the estate. That may cover the debts.
What if there are no estates will the children have to pay debts left by parents?
A person's estate is responsible for their debts unless someone else agreed to pay them.
What prevents a executor from not following the will?
One issue may be that there are not enough assets to settle the debts of the estate. Or the specific assets left for someone are no longer in the estate.
Are you liable for a small debt your mum has left she left no estate?
Ending debts and creditor calls is one of the primary reasons to open an estate. The estate has to pay off the debts. If the estate doesn't have the assets to do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
If someone dies of a quick terminal illness in the hospital and has no insurance but left you his vehicles in a will what happens?
The assets of the decedent are subject to the debts of the estate. The debts must be paid before distribution to any beneficiary. The hospital shold be notified that the decedent owned vehicles in case it wants to take possession and sell them to satisfy the hospital bill.
Both of your parents have passed away and left you executor of estate are you responsible for all their debt left behind?
The estates are responsible for the debts. The attorney who is handling the estate will let you know how the debts will be paid.
When there is no money is left in the estate to pay bills who is responsible?
The estate has to pay off the debts. If the estate does not have the assets to do so, they distribute as best they can. If the court approves the distribution plan, the debts are ended.
Will you be left with your dads debts if your his next of kin?
You will not be personally responsible for the debt. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Who pays for credit card debt when the decease has left no estate?
Credit cart debts are one of the primary reasons to open an estate. The estate has to pay off the debts. If the estate doesn't have the assets to do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Is a daughter still at college responsible for her fathers debts after his death even though he left no money?
The estate is responsible for the debts of the decedent. If there is no estate the creditors are out of luck.
Can a sibling be held liable for another sibling's debts if the deceased sibling was not married had no children and left no assets or any estate?
No, a sibling will not be responsible for the debts. The estate is responsible for the debts. If the estate has no assets, the creditors will not get paid. If there are not enough assets to pay the debts, the beneficiaries will not receive anything.
Parents estate is left to child does child pay parents debts?
The estate is responsible for paying off any debts. However, in most cases if the debts exceed the value of the estate, the child is not required to pay the difference. This may not keep the collectors from trying.
