The estate has a responsibility to pay off the debts. If there are assets to do so, they must be used. The estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
In most cases the debts of the deceased are the responsibility of the estate. If the house is an asset in the estate, yes, it may have to be sold. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.
It is entirely possible that they can place a lien on the house. The hospital is entitled to place a claim against the estate and its assets. If the house is an asset, they can attach a lien to it to get their money.
We take pride in our family approach to take care and we always provide the best work. Whether it is simple house clearing, house repairs or larger renovations.Deceased estate cleaningDeceased estate clearingDeceased estate cleanupsDeceased estate melbourneDeceased estate repairs(After Life Cleaning)
No.
In most cases the debts of the deceased are the responsibility of the estate. If the house is an asset in the estate, yes, it may have to be sold. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.
That would be their responsibility, to defend the estate. They can use the assets of the estate to do that.
Legally, they cannot live in the house without the consent of the executor of the estate.
The estate includes the house. The rental income is treated like dividends and interest - something the estate will have to file as income in the taxes, along with the deceased's last paychecks.
Yes, the Executor is responsible for paying off all the debts, or as many as possible, of the deceased using the assets of the estate. If the house has to be sold to settle the estate, then it must be sold.
They would put it on the entire estate of the deceased rather than one item of property so that if there was money that couyld be used to pay rather than have to sell the house.
The executor has the ability to sell real property in the estate. The probate court will have to approve the sale.
You may need to consult with a probate lawyer to file the appropriate paperwork to transfer the property into your name. This process typically involves obtaining a legal document such as a deed or title to officially transfer ownership. It's important to follow the legal requirements in your area to ensure a smooth transfer of the property.