Asked in Credit and Debit CardsDebt ResponsibilityCredit
If a parent dies are the children responsible for their credit card debt if the estate doesn't cover it?
January 24, 2011 1:05AM
No, the children are not responsible. Debts are one of the primary reasons someone should open an 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.