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What else can I help you with?
Who pays bills when your son dies no will no money?
Your son's estate has to pay off the debts. If the estate is unable to do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Who pays your debts if there is no estate or will?
All the more reason to open an estate. The estate has to pay all of the debts off if possible. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended.
Who pays for funeral costs in Washington?
In Washington the estate has to pay off the debts to include the cost of a funeral. 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.
Who pays back unsecured loans after death Does the bank go after the estate or is the death of the borrower the end of it?
Banks don't give up that easily! They will go after the estate. 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.
Bob Pays Cash 4 Clothes?
Bob Pays Cash 4 Clothes
Can you be reimbursed for funeral expenses and probate from your siblings from a sell of a estate?
These would be valid claims against the estate. It should be a debt that the estate pays. No they are not personally responsible for the debt. One of the primary reasons to open an estate is to resolve such debts. 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 the executor of the estate?
The estate pays the executor. The fee is either approved by the court or proscribed by law.
When parents die who pays mortgage?
The estate of the parent 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. However, a mortgage runs with the land. If it is not paid, the lender will take possession by foreclosure.
What is the process to transfer title of a home to one of five heirs?
The estate deeds it to the heir. If the other heirs have rights in the property, they need to be paid for their share of the property, either by compensation from the estate (if the total estate is worth 5 times the value of the property) or the person getting the deed pays them off for their share of it.
Who pays the credit-card debt of a deceased person in Ontario Canada?
The estate pays. If nothing in the estate they do not get paid.
As an heir and executor of your fathers estate you must pay taxes on fees paid to you What is the tax rate?
Heirs do not pay tax. The decadent's estate pays any applicable tax. Fees paid to executors may be taxable. Check with state and Federal tax codes.
