They are not responsible for credit card or other creditor debt unless they are joint account holders, nor are they responsible to pay medical bills unless they signed a written agreement to do so. Life insurance death benefits are not subject to creditor attachment or to probate procedure when there is a named beneficiary. No, but your estate is. If you have any property that you WANTED to go to the children, the courts will sell the property to pay outstanding debts. That is often the reason probate takes so long.
yes if they have your name on it
They are not responsible to do it with their own money. If you are the executor of the estate, yes, insomuch as there are assets to pay them with. If the debts exceed the assets, there are some people who will not get paid, including the beneficiaries.
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.
Not unless they co-signed for the loans or credit cards. The estate is responsible for the debts.
No, the spouse is not responsible. However it does come out there assets left behind.
Your mother's estate is responsible for her credit card debt.
The estate is responsible for the debts. Anyone on the credit card would also be liable for the debt.
Alaska USA Federal Credit Union was created in 1948.
Who is responsible for parents death for credit cards medical bills etc.
when you are married and your spouse don't pay his / her medical bills are you responsible for the bills when your name not on the bills and when they call they don't ask for me they ask for him and can they report it to the credit report
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.
No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).
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.
A responsible use of credit is paying off your credit cards each month. Another example of using credit responsibly is using it when you need it only.
A medical credit card is used like a credit card. If a person cannot afford to pay for a procedure directly out of pocket, they can use a special medical credit card to help pay for the procedure.
The estate is responsible for the decedent's credit card debt.
Yes you are, by law any medical bills showing on your credit report should be taken care by you since you visited the doctor it's your responsability to ask them if you own any money and therefore take actions.
Answer credit cardfrom past experience with my mother in law, you are responsible for the credit card balance The surviving joint account holder would be responsible for the entire amount owed.Credit Card DebtUnfortunantly you will be responsible for all of it.
Yes and no. The estate of the deceased is responsible for payment of any debts of the departed, so if you had been willed any form of an asset then it could be liquidated or levied for the repayment of a debt owned to the estate. The only time children or a surviving spouse are liable is if they put themselves up as a guarantor, including co-signing on a car, apartment, credit card, and/or medical care.
Your dead spouse's estate is responsible for the credit card debt. In practice, this may amount to "you are responsible for it."
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.
If nothing else, the spouses Estate would have to pay it, if there was $$$ for more info see www.steveshorr.com/estate.planning.htm
The general rule is that the estate is responsible for the debts of the deceased, including medical bills and credit card debt. It's not clear what owning a mobile home and car have to do with it, other than that those are assets that could be liquidated to pay off the debt.
When someone dies in CA the relatives of that person are NOT responsible for the debts owed by that person. The credit cards and loans would like you to think you owe the money, but you don't.