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If there is a living trust upon death is the trust responsible for paying all the credit card debt?
Wiki User
∙ 11y ago
No. Not unless the payment of debts was made a provision of the trust. Otherwise a decedent's estate is responsible for paying debts before any distribution can be made.
Wiki User
∙ 11y ago
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Will you have to pay wifes credit card bill after death?
Only if your were a co-applicant. If not, your wife's estate is responsible for paying the debt. If she has no estate, send the credit card company a copy of the death certificate and let them know that there will be no estate set up.
You have been paying your dads credit card bill after his death because you were an authorized user should you do this?
If the card was not used after the death of the account holder, the AU is not legally responsible for repayment of the debt or any portion thereof.
My husband passed away and had a credit card in his name only. Is the surviiving spouse responsible for paying off the balance?
Only if the couple resided in a community property state at the time of death.
Who is responsible for a home equity line of credit after death?
The estate of the deceased.
Who is responsible for Spouse credit card after death?
The estate of the credit card holder. If the surviving spouse was an approved user, or co-signee they would also be responsible.
I am in Oregon my Dad has died I am 23 and do not know what to do about his credit card debt Am I responsible I am in Oregon.?
AnswerNo, you need to send a copy of the death certificate to the credit card company. You are not responsible for your father's debt.
Would my mother's children be liable for any credit card debt she had at the time of her death?
Your mother's estate is responsible for her credit card debt.
What is the law in Florida regarding credit cards after death of the card holder?
In Florida, the executor or personal representative of the deceased's estate is responsible for notifying credit card companies of the cardholder's death. The estate is generally responsible for paying off any outstanding credit card debt using the deceased person's assets. Family members are not typically personally liable for the deceased person's credit card debt.
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.
If a credit card holder dies and authorized user is not responsible for the bill can the authorized user's credit be damaged for not paying the bill for which they are not responsible?
It depends on the fine print. If the credit card company determines that you received benefit from the use of the card, you can be held responsible for the charges. If the estate of the deceased has resources the card should have been paid off and terminated upon the death of the holder. Any use use of the card after the death of the cardholder most likely constitutes fraud, especially if the subsequent user did not pay for the card balance. But you'll need to read the terms of the use agreement to verify that.
Who is responsible for credit card debt after death in the state of Illinois?
Actually, the answer is the credit card holder is responsible for the debt if single, otherwise the spouse may be responsible for a partners debts. If it was made while they were married, otherwise, the bank can't collect the debt.
Is child responsible for parents credit card debt after death?
I think that would be paid out of the estate and not by the child.
