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In PA if a spouse dies are you responsible for outstanding debt?
Wiki User
∙ 10y ago
While the estate has primary responsibility, in most cases they will be held responsible. They are deemed to have benefited from to goods and services.
Wiki User
∙ 10y ago
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When the cosigner dies is the spouse responsible for a repossion that she did not cosign for?
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.
If your ill mum dies are you responsible for her debt?
if she has a spouse than no but if she dose not the bank will take care of it
Does a spouse have to repay student loans after the person with the loans dies?
The student loan should be paid out of the estate of the deceased before it is distributed to the spouse. If there isn't enough to cover the debt, the spouse should not be held responsible for the balance, unless both people signed the loan. Many people misunderstand who pays the outstanding debt. The surviving spouse does not pay the debt, but it comes out of the estate before distribution.
In Missouri is the spouse responsible for credit card debt when the other one dies?
If the surviving spouse was not an account holder then he or she is not responsible for repayment of the debt. FYI, authorized users are likewise not legally responsible for credit card debt as it is assumed the AU has no control over how the account is handled.
Who is responsible for credit card debt when the cardholder dies in Ontario?
The estate of the cardholder. Anyone else named on the card, or the spouse, could be held responsible.
IN LA if your spouse dies and no will and leaves credit card debt with cards in her name only are you responsible to pay that debt?
While the estate has primary responsibility in Louisiana, in most cases they will be held responsible. They are deemed to have benefited from to goods and services.
What happens to husbands credit card debt if he dies?
The deceased's estate is going to be responsible. The spouse can be held as a beneficiary of the costs and by inheriting less from the estate.
Is a divorced spouse of 10 years responsible for credit card debt after the ex-husband dies?
If the debt is less that seven years old and if the spouse was a joint account holder, then the spouse would be responsible for the debt. If, however, it was a separate account or the surviving spouse was only an authorized user on the account, they are not responsible for the debt. * The 7 years relates to the length of time that the information can remain on the credit report. There is no time limit on debt collection only on the amount of time that the creditor has to pursue legal action to recover money owed (debt statute of limitations). You would be responsible for a joint account only, although it is not unusual for creditors to attempt to collect from authorized user's whether or not they are a spouse of the account holder.
Does a Verizon cell phone contract become void if the sole holder of the contract dies?
Yes, surviving family members are not responsible for the contract nor any outstanding debt associated with such. An exception MIGHT be a surviving spouse where the married couple resided in a community property state.
Who is responsible for a leased vehicle when the person dies if there was no cosigner but there is a surviving spouse?
If the married couple lived in a community property state at the time of the spouse's death, the surviving spouse may be responsible for the lease debt even if she was not an account holder. If the couple did not live in a community property state the creditor will be required to file a claim against the estate of the deceased to try to recover the debt.
If the primary holder on a credit card dies who is responsible for outstanding balance?
In most instances the account holder is the only one responsible for the debt. If the deceased was married and lived in a community property state, the surviving spouse could be held accountable for the debt depending on the circumstances. One factor would be the state probate laws and what nonexempt assets might be part of probate proceedings. 2nd Answer Joint cardholders are equally responsible for the debt with the primary cardhold. If the primary has passed away, the joint will be responsible for timely repayment of the debt. Authorized cardholders are not responsible for the debt at all. If there is no joint cardholder, the regular estate laws for your state apply.
If a spouse dies and has a loan out with the bank is the surviving partner responsible for the debt?
Only if the couple reside in a community property state and that is where the financial transaction took place.
