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If father died with estate of Ira's what debt is paid by estate?
Wiki User
∙ 13y ago
The estate has to pay off all of the debts if possible, using the IRAs if they can. 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.
Wiki User
∙ 13y ago
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My Step-father died am i responsible for his debt?
No, you are not responsible for his debt. His estate has that responsibility.
You are a minor are you responsible for your deceased fathers debt?
Your father's estate is responsible for his debts. If he owned any assets when he died his estate must be probated. You should speak with an attorney.
What if your father died in Florida with 4K in credit card debts the estate was not big enough for probate and did not go through an administration is the estate still liable for the 4k in CC debt?
Yes, the estate is still responsible for the debt. 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.
If your father have a wige and she died without a will and he get it when he died and he have lawfull children and illigimate children who get the estate?
If my father died without a will and he have lawful children. And iligimate children who get his estate
My brother died in a car crash and has no estate I am the Executor or Administrator of an Estate because of legal case against driver The Hospital is asking for payment of debt am I liable for debt?
You are not personally liable for the debt. The estate is liable for the debt. If the law suit results in payment, it would have to be used to settle the debts.
Did Cleopatra VII have a chief female attendant?
She probably did, but the only two attendants we know of are the two slaves Iras and Charmion, who died with her.She probably did, but the only two attendants we know of are the two slaves Iras and Charmion, who died with her.She probably did, but the only two attendants we know of are the two slaves Iras and Charmion, who died with her.She probably did, but the only two attendants we know of are the two slaves Iras and Charmion, who died with her.She probably did, but the only two attendants we know of are the two slaves Iras and Charmion, who died with her.She probably did, but the only two attendants we know of are the two slaves Iras and Charmion, who died with her.She probably did, but the only two attendants we know of are the two slaves Iras and Charmion, who died with her.She probably did, but the only two attendants we know of are the two slaves Iras and Charmion, who died with her.She probably did, but the only two attendants we know of are the two slaves Iras and Charmion, who died with her.
Who is responsible for School debt after death?
The borrower, i.e., the person who signed the note, is responsible for payment. If the borrower has died their estate is responsible. If there is no estate the creditor is out of luck. If there was a co-signer then they will be held responsible for paying the debt.
What happens to your mortgage when the person holding it died but the deed is in both of your names and you pay the taxes?
The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.
Can a daughter file to be the administrator of the estate for her father if he died without a will?
Yes.
My father died owing 20000 medical debt from my mother also dead. He left the house to my sister and I who had it put in our name via quit claim. We are selling it- do we have to pay mom's debt.?
If the house was not properly dealt with during probate as part of your father's estate, you may be found guilty of fraud or deceit. Make sure you know the details of the transfer of the house title. The medical bills may need to be paid as part of the obligations of the estate.
Mother recently died does son inherent her debt?
Her son would "inherit" the debt only if he co-signed with her as a borrower. Her estate would pay the debts and the creditors would take the loss if the procedes from the estate were insufficient.
Your father inlaw has died and left money in his will to other people but there is only engough left to burry him what shall you do?
An estate for your father in law should be opened. After all debts against the estate are settled, then monies can be distributed per the will. I believe burial would be a debt against his estate. Consult an estate attorney. It's not feasible to give away his money while he doesn't even have any to give after he is buried. Common sense should prevail on this one...but seek legal advice from the estate attorney.
