In general next of kin is not responsible for a parents or in laws debt after they pass away. Wisconson in a community property state which will make a surviving spouse or a co-signer responsible for a deceased person debt.
The estates are responsible for the debts. The attorney who is handling the estate will let you know how the debts will be paid.
With their parents in an large estate or castle. Many were sent away by 7 or 8 to learn to become a knight or as a lady in waiting to the queen. Some were sent to their future inlaws to learn about the estates they were going to marry into.
Typically the estate is responsible for paying the debts, including the medical bills of the deceased. If a child has co-signed any paperwork regarding medical procedures, they may be held liable. If they hope to inherit a house, they may have to pay the bills to avoid the house being sold to pay the debts.
No way! Why would your parents have to pay your bills? There is no law that says they have to take over your bills in case of death. No such law exists. Why would you think so? No way! Why would you think so? There is no law that says your parents have to pay the debts of their kids in the event of death. No such law exists.
The the child has the car, than the child should be on the parents, or whoever owned the car, insurance. This is required in all states.
Perhaps. The extent of liability of a surviving spouse depends upon the laws of the state in which the married couple lived at the time of the person's death and the type of debt(s). Joint accounts/debts are always the responsibility of the surviving spouse. Married couples who reside in community property states are generally equally liable for all debts incurred during the marriage regardless of which spouse is the actual account holder and when a spouse passes away. Two "CP" states have exceptions to the rule, those states are Texas and Wisconsin.
In most cases the debts of the deceased, including funeral expenses, are the responsibility of the estate. The estate, or its beneficiary should reimburse any valid debtors before giving any of the assets away. Consult a probate attorney in your jurisdiction for help.
Yes if he didn't have anything to pay it off with when he passed away
Get an estate opened. The executor of the estate will deal with the debts and assets. If the debts are joint responsibility, they won't go away.
Debts of the spouse are considered to have benefited both of them. He can be held responsible for the debts.
Yes, you can walk away from a mortgage and not be liable for a deficiency (even in recourse states) if the mortgage was listed in the bankruptcy.
yes