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If husband dies in ct does wife have to pay off the balance of his credit card?
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What happens to a joint credit card when one account holder dies?
Both owners of a joint credit card are equally responsible for paying off the balance on the card. When one dies the survivor is responsible for the full balance.
Wife owns the credit card and added husband he used the card and not the wife he dies who pays the card?
the wife
If a relative dies and you were paying their credit card debt for them and you are an authorized user of that card are you then responsible for paying off that card debt balance?
No.
Who is responsible for credit card debt when a person dies in New York State?
If the person left a Will then Probating the Will will pay all debts the person has left behind and what is left in the Estate (is called 'residue) and this is what is left for the Heirs in the Will. If the person dies without a Will whatever they have is sold and debts paid off, but it's not up to next of kin (unless their name is on the credit card application) to pay the debt. Example: If a husband passes away and the husband and wife's name is on the Credit Card (it usually is) then the wife is responsible for the Credit Card debt.
If my husband dies and leaves credit card debt and our childrens parent plus loan debt am I responsible for assuming the debt in PA?
not if you have death insurance on the loan and credit cards
Are you responsible for your husband's credit card debt if he dies but you are not on his accounts?
If you are not currently responsible for your husband's credit card debts, that situation would not change upon his death. Howvever, his estate might be expected to pay off the balance of any money owing. Whether or not that happens depends on how his estate is bequeathed, planned and managed. Speak to your husband about his will, insurance and estate planning (or the lack of such). You may have to take your question to attorney who is familiar with your state's inheritance laws to get specific information.
Who is responsible for credit card debt if your spouse dies and the credit card is in his name only?
It all depends on what state you live in. Contact the credit card companies they can tell you
Is a cosigner on a credit card responsible after the primary dies?
Yes.
What happens to a bank loan when a person dies?
If the loan is secured, then the collateral is returned to the bank. If the loan is unsecured, like a credit card, then the bank submits the balance to the estate of the deceased.
If someone dies with 10K in credit card debt and has bank account does the credit card company get the money?
Yes, they are a creditor that can make a claim on your estate.
Who is responsible for credit card debt when a person dies in West Virginia?
the deceased' inheiritance
Is the survivor of a joint checking account responsible for the deceased credit card debt?
Yes - if the account is in joint names, and one of the named people dies, the surviving person assumes all liability for the outstanding balance.
