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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.

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โˆ™ 2006-03-03 19:17:46
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Q: If a parent passes away with no assets or will are the children responsible for their debts?
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Related questions

Something that passes to the children when the parent dies is?


Whats something that passes to the children when the parent dies?

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!

Are children responsible for doctor bills after parent passes and there is an estate?

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.

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The dominant gene parent

Can a child be forced to pay a parents unpaid taxes I Just found out my only parent hasn't paid filed in 20 years could the IRS hold me responsible if there is money owed after my parent passes?

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.

Which parent passes parkinsons disease?


What do kids do if parent passes out?

call 911

Which parent passes the trait of the huntingtons disease to the child?

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.

In Wis can next of kin be held responsible for any or all debts after a parent passes away?

No , that only applies to any debt cosigned for or if you were married to the party that has passed away.

Which parent passes the trait for alcoholism?

Alcoholism is not inheritable.

Type of nucleic acid that passes from parent to offspring and directs all the cells functions?

Type of nucleic acid that passes from parent to offspring and directs all the cell's functions?

What is the law when the unmarried mother of two minor children passes away and leaves no will?

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.

What is the Traits or features that a parent passes to a child are called?


What is the nucleic acid that is passes over from parent to offspring?


Which parent passes the color blind gene to the child?

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How do you apply for executor of an estate after last surviving parent passes away?

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.

How does one prove a parent unfit due to alcoholism?

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!

When the custodial parent passes away and the non custodial parent becomes the custodial parent does the minor child have a say where he wants to live?

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Is it true that sexual reproduction passes information from a single parent to one offspring?

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Who is responsible for hospital and ambulance bills when a single person passes away?

The decedent's estate is responsible for paying their debts.

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Their closest relative probably

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this is called a inherited trait. If it comes from one parent, it will not show and this is called a recessive trait.

What are the scientific attitudes that a scientist must passes?

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.

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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.