This depends upon a couple of basic things. 1. Any debt incurred by the Mom or the Child (with Mom's permission) up to the time of the death of the Mom is the responsiblity of the estate. After all her name is on the account and she knew of the charges and therefore the assets available at the time of death must be applied to the liabilities at the time of death. 2. Any charges made after the death of all parties unless specifically made for the estate then those charges will be considered fraudlent. The Estate will not be responsible for those, however see number three below. 3. If the child is using the card with out permission then the estate will not be liable for the charges. However, the credit card company is going to want their money so they will ask for one of two things: 1)the estate pay the bill or 2)the executor of the estate will sign a statement that the charges were made with out the parent or estate's permission which would constitute fraud on the child who made the charges. They will then seek payment from the child or press criminal charges against them. Hope this helps.
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.
If there is a co-signor on the accounts, they will become responsible for the balance due. If there is not a co-signor, creditors can attempt to collect from your estate. If your estate is not enough to cover the balances due, the remainder will be written off by the creditor leaving no one responsible for the balance.
If the surviving spouse did not sign the credit card agreement then they are not responsible for it. However, the creditors could still come after the deceased spouse's estate (i.e. life insurance) for the balance of credit. You probably want to ask an estate attorney that question.
Generally a person's estate is responsible for the decedent's debts. If there is no estate the creditors are out of luck. They should be notified of the death.
The estate is responsible for the credit card debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, they may not get paid.
The estate is responsible for the decedent's credit card debt.
The estate is responsible for the sole debts of the decedent. If there is no estate then the creditors are out of luck.
Typically the estate is responsible for clearing up any liabilities. The affairs of the estate are usually handled by the executor of the estate.
Your dead spouse's estate is responsible for the credit card debt. In practice, this may amount to "you are responsible for it."
The spouse is not responsible and should not have this on her credit. But the estate of the deceased will still be responsible for the debt.
The estate of the credit card holder. If the surviving spouse was an approved user, or co-signee they would also be responsible.
The estate of the deceased.
Yes, the estate has to pay off the debts including credit cards. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Answer: Your estate is responsible for all of your debts when you die. The assets don't always cover the debts but any creditor can file a claim against the estate for money you owed them.
For Kentucky the estate is responsible for the debts of the deceased. Only after they are resolved can the estate be closed any any remainder distributed.
Typically, no, there may be some exceptions based on co-signers and benefiting from the estate.
In Georgia it will be the responsibility of the estate. No will is necessary to open an estate. Before anything in the estate can be distributed, the debts have to be cleared.
The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.
Currently I am dealing with estate issues and credit card debts. I am not a lawyer but after talking to many professionals, it seems to me that if their is no estate and no joint credit card holders then the card company will have to write it off.....
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.
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.
The wife is not directly responsible unless named on the credit card. The estate has to pay the debts before she can inherit anything.
The estate is primarily responsible. However, a spouse is normally considered to benefit from such debt and can be held responsible.
Not unless they co-signed for the loans or credit cards. The estate is responsible for the debts.