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If you and your parents are co-owners in a home are they responsible for your credit card debt if you suddenly die?
Nonirose54
No. If the property is titled correctly (Joint Tenants With Rights of Survivorship) then it cannot be attached by creditors upon the death of any of the owners.
Wiki User
∙ 17y ago
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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.
You want a credit but im only seventeen and you dont have a bank account?
your not 18, you can enter into a legally binding contract which is what a credit card entails because your a minor plus your parents are suppsoed to be financially responsible for you till your 18 and that means that they would be responsible for any bill you rack up on a credit card and credit companies don't really go for that, so the credit card is a no go. you can become an authorized user on your parents credit card but then you have to abide by the credit companies and your parents rules sorry kid :( -I'm 18, i looked into this when i was 17 too
Are children responsible for using parents's credit card after they die?
No. Because stepparents can take children to the court center and tell the judge what do they have to use parents's credit card after they die.
Whose responsible for credit cards hostipal ambulance bills of a parents who was disable and died .?
The estate of the person that is dead.
Are parents legally responsible for child's credit card debt?
If the parents are the primary card holders and let the child use the card, yes. If the child is a minor, yes. If the parents are a co-signer for the account, yes. If the child is over 18 and the credit card is their own, no.
Are the adult children responsible for credit card debt after parents die?
No. The credit card companies will try to get you to pay off your parents bills but you don't have it. It is all volunteer. I was glad to learn this since my mother is 81.
Is getting a credit card young a good idea?
in my opinion it is a good idea because it can prove to parents if the kids are trust worthy and responsible
Will my credit be affected by my deceased parents' home being in foreclosure since I am an heir?
No. You never agreed to pay the debt, therefore cannot be held responsible.
Are parents responsible for debts their 17-year-old has accrued after they moved out of their parents' home in the state of Michigan?
If this debt is from a loan or credit card they obtained while under age 18 the lending institution is at fault for granting the credit. If the debt is owed by a parent then you still owe it.
If you are the power of atty for your parents and your sister is the Executor of estate stole their credit credit card and the home they owned has been transferred to children who is responsible?
If your parents are deceased the Power of Attorney expired when they died. It is no longer in effect. If your sister used their credit card after their death then she committed a criminal act and could be prosecuted. Her use of the crdit card has nothing to do with their estate. She is responsible for her actions. If she charged on the account after your parents death, the credit card company can't attach the real estate you inherited. They would need to bring charges against your sister. You should cooperate by providing them with any information you have that would help in their investigation, where they can find your sister and the circumstances that enabled her to use your parents credit card (her being the executor of their estates).
Are adult children responsible for credit card debt after their parents die?
No. The credit card companies will try to get you to pay off your parent's bills but you don't have it. It is all volunteer. I was glad to learn this since my mother is 81.
Can you get a credit card at age 13?
No, they can't accept that their parents or one of them authorize that they can, and if they do they need to really check that their son or daughter is responsible enough for a credit card. A minor may be able to use an adult's credit card if the credit card owner has officially authorized the minor to use it.
