Yes you are. Call your credit card company (hopefully your husband is not deceased) and ask them about insurance to provide protection for such a thing. I have it on my husband and my own credit card. This way if one of us should pass away it is automatically paid off to a certain limit (I live in Canada and it's usually up to $15,000.) If your husband has passed on you automatically get the house, properties, etc., unless otherwise specified in his Will. All taxes on properties (if the properties are not in your name as well) are paid and all debts are paid by action of Probate. What is left over is yours. If you and your husband had joint ownership in everything then it's fairly simple. Go to your banking insitution and they will certainly help you out with these matters. Marcy
An authorized user on a credit card can be responsible on an account in which the primary card holder passes. The creditor looks at the situation as the authorized card holder was able to make purchases with the account, and should be held liable, even in the event of the primary's death.
No one. The family is not responsible for the debt. Credit cards want people to think they are, but it is volunteer to pay/assume the debt of the person who passed away.
The wife is not directly responsible unless she is on the medical insurance contract. Many courts would rule that the spouse benefited from the debts and can be held responsible. The estate must pay the debts before she can inherit anything.
No. The issuer should be notified of the death of the account holder and if applicable the debt should be included in probate procedure. no
My husband has termial cancer and I was wondering when he passes will I be responible for any credit card debts he has and any of his medical bills? We live in the state of Ohio.
The estate is responsible for his debts. In most cases this will mean that the credit cards will have to be paid off before the spouse or children can inherit any money. If the wife is also listed on the credit card, she will be liable along with the estate for paying it off. This question is best posed to an attorney familar with California estate law and this mans' will.
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.
Maybe. In some community property states a surviving spouse is responsible for all the debts that were incurred during the marriage even if he or she did not hold the account.
Their closest relative probably
Diffraction
Yes, if she is a joint account holder with him and the bank mandate permits only one signatory of the two.
no you can only by passes by phone, credit card, paypal or on your 50th day u can by passes with 20 percent of your equess