In general, yes. There may be specific circumstances where that doesn't hold so perhaps you should talk to a lawyer. If the deceased left an insurance policy or other resources, that should be applied. There should also be a Social Security payment that covers part of the hospital bill. * Not usually, the exceptions are, if the couple resided in a community property state or the surviving spouse signed documents agreeing to pay medical expenses. If the patient was covered by Medicare and/or Medicaid, the hospital and attending physicians have already agreed to accept the maximum amount allowed under the Medicare program for the deceased's medical expenses.
Only if the person entered into a written contract with the medical providers to do so.
Yes, you are under the law married couples are considered one unit, that makes you responsible for eachother. * No. Not unless the surviving spouse signed an agreement to do so. The only time spouses are responsible for each others debts is if the debts are incurred jointly or the couple resided in a community property state, Illinois is not a community property state. (Macky)
Expenses incurred but not yet paid or recorded are called accrued expenses.
Incurred expenses means expenses done and paid while accrued expenses means expenses occurred but still payment remains
No, New Jersey is not a community property state, therefore the surviving spouse is not responsible for debts that were solely incurred by a deceased spouse.
No, surviving family members are not responsible for the debts of deceased persons if they were not listed as a joint account holder or borrower.The exception being a surviving spouse when the couple resided in a community property state.
If the couple resided in a community property state it is possible for the surviving spouse to be responsible for debt incurred by a deceased spouse even though he or she was not an account holder. Texas and Wisconsin are not considered "true" CP states as they treat solely incurred marital debt somewhat differently as do the other CP states.
In Pennsylvania, the surviving spouse, or whoever is listed in the will as beneficiary, is responsible for medical bills. Any debt incurred would be owed by the living spouse.
Expenses which are incurred for the selling of product is called Selling Expenses while expenses incurred on administration of general day to day tasks are called administration expenses
California is a community property state, the debts of the deceased should be included in the probate procedure. Usually in California the surviving spouse is responsible for all debts incurred during the marriage even though he or she was not the named account holder.
Outstanding expnese is that expense which is already incurred but amount is not paid while unexpired expenses are those expenses for which payment is made in advance but actually expenses are not yet incurred.
If the surviving family members are not joint account holders or a surviving spouse who was living in a community property state, they are not responsible for the debts of the deceased. The deceased estate (if any) is to be probated (when required) and any assets are used to pay outstanding debts in their order of priority according to state law. FYI, authorized signers of credit card accounts are not joint account holders and not responsible for debt incurred. Likewise in some CP states the surviving spouse cannot always be held accountable for all debts solely incurred by the deceased spouse.
Incurred expenses before company formation after commencement of business
Depends on the state you live in. * If the married couple resided in a community property state the surviving spouse might be held accountable for the debt even though the loan was only in the name of the deceased spouse. In all other states the surviving spouse is not responsible for debt that is incurred solely by a living or deceased spouse.
Generally a surviving spouse will only be responsible for debts related to medical expenses of a deceased spouse is he or she has entered into a written contract accepting said responsibility. Rhode Island is not a community property state and therefore the surviving spouse would not, assuming he or she has not agreed in writing to do so be liable for medical bills (hospital, doctors, etc.) incurred for the care of a deceased spouse. Nevada is a community property state, therefore the surviving spouse might be held accountable for such debts. All assets and debts accumulated during a marriage in a CP state are considered to be jointly owned and jointly owed regardless of which spouse is the receipient of a debt or asset.
All expenses incurred are part of income statement of company whle advance expenses or expenses payable are part of balance sheet.
Only if expenses where occurred.
General and administration expenses are those expenses incurred to run day to day business activities. Overhead expenses are factory expenses incurred to run the day to day activities of running production process.
Only if you are a joint debtor. Surviving family membes are not responsible for the debts of deceased parents, siblings or other relatives. The exception might be if the person signed an agreement with a care facility, hospital, medical clinic, doctor, etc. to be responsible for debt incurred during the deceased person's treatment/confinement.
Texas is a community property state therefore a surviving spouse usually can be held liable for debts solely incurred by the deceased spouse. Exceptions can be made to this law based upon the circumstances of individual cases
Tennessee is not a community property state, if the surviving spouse was not a joint debtor he or she is not responsible for debt incurred by the decedent. The exeption would be, if there is a home that is encumbered by a mortgage and/or loan the surviving spouse will have to continue the agreement whether he or she was named on the lending contract in order to retain possession of the property.