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In Texas is the wife of a deceased husband responsible for the husbands debt?
She is not directly responsible. The estate is going to be responsible. And since she will likely be getting the bulk of the estate, paying off the debt will reduce her amount.
Are you responsible for your deceased husbands debt?
The debts of the deceased are the responsibility of the estate. The estate will resolve the debts before you get any money. Consult a probate attorney in your jurisdiction for help.
In Massachusetts is a surviving spouse responsible for deceased husbands credit card debt?
Indirectly. The estate of the deceased husband is responsible for resolving all of his debts. Since the widow is going to be the primary beneficiary of the estate, she will inherit less because the estate has to pay the debt.
Are you responsible for your husbands debts?
The debts are paid out of the deceased's estate, and this can include things that are jointly owned. Anything entirely in your name is safe. Even if the deceased's assets and joint assets are not enough, you are not responsible for the remaining debt.
Are children responsible for the debts of their deceased mother in Illinois?
The estate of the deceased is responsible for the debt.
Are you responsible for your deceased husbands debt if there is no estate?
The estate will be responsible, so it would be a good idea to open one. The spouse indirectly will pay, as they cannot inherit until they are resolved.
Are you responsible for your deceased husbands car payments if your name is not on the title or on the loan?
unless his will states otherwise you inherit all of his property and debt. that includes, loans.
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 the spouse of a deceased cosigner responsible for the debt?
The ESTATE is responsible.
Are heirs responsible for deceased parents mortgage debt?
No, the executor is responsible to insure the estate is taken care of. Them means either selling the house or paying off the mortgage. One way or another the debts have to be resolved before the estate is closed.
Are you responsible for your deceased mother's debt with an applicance store?
If you were not listed as a joint account holder you are not responsible for the debt.
Is wife responsible for husbands medical bills in Montana?
A married couple share responsibility for all debts. If he is deceased, the estate will have to resolve the debt before she can receive her inheritance.
