Hi Mackey Nice to see you around and thanks for adding on the extra info. Have a great weekend! Marcy No, only the surviving mate would be responsible. Parents debts are not their children's debts and vice-versa. If your parent owned a car and owed some debts the car would be sold to pay as many as the debts as possible, but other than that the IRS and creditors are going to have to write-off those debts. Marcy In addition, all states have probate laws which determine what assets belonging to the deceased(s) are to be used to repay debts. All assets and debts are audited and filed in the probate court of jurisdiction by the appointed executor or executrix. Creditors are notified that they have a specified amount time to file a claim (generally 6 months) against the deceased's estate. All debts must be paid according to there priority and to the extent of the non-exempt assets that can be used for repayment. No property or assets will be distributed to surviving family members until this has been done. When a person dies intestate, the state probate succession laws apply to the distribution of assets and/or real property that remains after debts have been satisfied. The same laws apply when there is a will, all nonexempt assets must be used to repay debts owed by the deceased before any inheritance is distributed to named beneficiaries.
If the parents have royalty then that will pass down to the kids,and whatever they give the kids in their will passes down to them!
Not being a legal professional, this answer is from a layman's viewpoint until improved by a professional, and should be be confirmed by cousultation with a legal professional in the state where the decedent lived at the time of his or her death. It is my understanding that the estate is responsible for debts of the deceased, and children, or other relatives, are not responsible unless they have previously "signed on" to responsibility, as for example, by signing a hospital admission document as the "Responsible Party" regarding billing.
The dominant gene parent
The IRS would take any assets in the estate to pay the decedent's personal tax debt. If there is a family business involved that would complicate the situation and may increase your exposure.
A parent may only pass the gene for Huntington's if they HAVE Huntington's. It is transmitted on a Dominant gene. If you do not HAVE Huntington's. it is not possible to pass it to your children. My wife inherited the gene from her father. Our sone and daughter inherited from their mother. It can be from either parent, but only if that parent has HD.
No , that only applies to any debt cosigned for or if you were married to the party that has passed away.
Alcoholism is not inheritable.
Type of nucleic acid that passes from parent to offspring and directs all the cell's functions?
Normally the children become wards of the state. The father may petition the state for the children, as could any other interested party that wishes to assume the role of parent.
You need to open an estate with the probate court. You can usually get a packet of the required forms at the courthouse. One of them will be a form asking to be appointed as the executor. The court will then accept the form and issue a Letter of Authorization which gives you the power to do the work necessary. The executor of a will is the person responsible for making sure the wishes of the testator are carried out. They are responsible for paying off the debts and distributing the assets. They also have to pay taxes and file the appropriate reports with the probate court.
Am searching for ways to prove that my ex is unfit as the custodial parent of our children due to alcoholism. He frequently passes out and leaves my 2 children, ages 7 and 9 to completely fend for themselves. I need some guidance quick! Go to "Children's Aid" and have them stop in at the time you know that your husband passes out and leaves your children to fend for themselves. Once they see it with their own eyes they will take the children, but probably at a later date give you sole custody. Although this is traumatic for the children it's a must! Hopefully you are capable of raising the children and will have to prove this fact as far as finances, home, education, etc. The children always come first and you sound like a great mom, so go for it!
No, the minor child must live with the custodial parent who decides where they will live.
No. Sexual reproduction passes on a random half of one parent's genetic information and a random half of the other parent's genetic information. This is achieved through meiosis. You are 50% your mom and 50% your dad by genes.
The decedent's estate is responsible for paying their debts.
Their closest relative probably
Heamophilia can be carried by either parent but the mother is the traditional carrier, in that it is very rare for a female to show symptoms.
this is called a inherited trait. If it comes from one parent, it will not show and this is called a recessive trait.
ranbir kapoor say's that his dad is his best friend.he is able to share everything with him.This is the supportive attitude of parent's help children to build self-confidence.
The estate has to liquidate all debts before they can transfer any assets to the children. One way or another, the chidlren end up paying the debt. If the assets are not enough to cover the debt, any real property may have a lien placed against it to cover those debts.