Depending on the state. Some states require the sell of the house to pay off any debt that was remaining. I'm pretty sure they can't assume you for the credit card debt, but they might be able to assume the estate for the debt, considering the house is paid for or not.. it might depend. I would assume the estate is responsible for paying the debt to the credit card companies or whom ever, I would talk to the executor of the estate, or the lawyer. The credit card debt should have been included in probate procedures. Assuming that the house was jointly titled in a way such as JTWRS and therefore bypassed probate, the person(s) the home automatically passed to are not responsible for any debts of the deceased. All other non-exempt assets belonging to the deceased are subject to probate action and will be liquidated and used to pay debts to the extent funds are available and in the order of debt priority.
Her estate owes the debt. Her house was an asset of her estate. You must pay the 13g as new owner of her estate. The house may be used as equity for loan to pay-off the 13g or the house can be sold to pay the 13g and then you pay the inheritance tax on the remaining money profited from the sale of said house. Sucks huh!?
The gene for baldness is inherited from the mother .
Bipolar runs in families and can be inherited.
Its Passed On From Your Parents Its Inherited
It is not 'passed on.' However, the debt does take the value out of the estate. That means the children will inherit less.
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.
Debts of the spouse are considered to have benefited both of them. He can be held responsible for the debts.
Its Passed On From Your Parents Its Inherited
The estate is responsible for the credit card debt. The assets of the estate cannot be distributed before the debts of the estate are paid. The executor is bound by law to give notice of the death to creditors. You should seek the advice from the attorney who is handling the estate.
Yes hemophilia is a inheerited bleeding dissorder. i read it from my medical book. hemophilia means blood love and can be passed down from mother to daughter. or in some cases mother to son. it is more common for it to passed to daughters. I hope this helped. :)
Characteristics passed on from your parents to you are called inherited characteristics. Those which were not inherited are called acquired characteristics. Those are the two possibilities. Characteristics can be either inherited or acquired.
An inherited sex-linked recessive gene passed on from the mother.
It would depend on the age of the child.