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What else can I help you with?
If one spouse cosigns a loan is the other spouse responsible?
Yes, so be careful. You have to be sure that you will stay with your spouse.
Who is responsible for credit card debt after the death of a parent in the state of Wisconsin?
The estate is responsible for credit card debts and all other debts. One of the primary reasons someone should open an estate is to resolve debts. 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.
In New York state is a spouse responsible for the other spouse's debts upon death?
In New York State, a spouse is generally not responsible for the other spouse's debts upon death, unless they are jointly held debts or the surviving spouse co-signed for the debt. The deceased spouse's estate is typically responsible for settling debts before any assets are distributed to heirs. If the estate does not have sufficient assets to cover the debts, those debts may go unpaid. However, exceptions can apply based on specific circumstances and types of debts.
Is the cosigner responsible for other debts beside the item such as house rental he has cosigned for?
A cosigner is only responsible for the items that he has cosigned for.
Is a spouse responsible for the credit card debts in the other spouse's name in New Jersey?
If the two of you are married, I believe you are responsible.
If the debt is greater than the assets of the estate is the executor responsible to pay off the remaining debt?
Generally no. The estate is responsible for paying the sole debts of the decedent. If on the other hand the debts are owed jointly with the person who was appointed the executor then that person is still responsible for paying them.
Are relatives liable for nursing home bills?
Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.
What effects are there for someone who cosigns a student loan?
Cosigning on any debt makes you just as responsible as the other borrower. The balance of the debt will be on both of your credit reports, regardless of whether payments are due now, 4 years from now, or past due. The creditor can take any action against you that could be taken against the other borrower, and they do not have to go after the other borrower first.
My brother dies in Texas and has no assets am I responsible for his credit cards and other personal debts?
Your brother's estate is responsible for payment of his debts. If there is no estate then his creditors are out of luck. You could send any bills back along with a copy of his death certificate.
is a spouse responsible for debts of the other spouse in Virginia?
Not unless both parties signed the credit agreement etc.
In Michigan who is responsible for the costs of the funeral just the trustee or the other siblings as well?
None of the above is responsible. The estate has to pay off the debts, including the funeral costs. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Do people named next of kin have any financial responsibilities to the person's estate?
The estate is responsible for the debts of the decedent unless some other person agreed in writing to be responsible. However, that means no property can be distributed to the heirs until the debts have been paid.
