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If your parents are deceased the Power of Attorney expired when they died. It is no longer in effect. If your sister used their credit card after their death then she committed a criminal act and could be prosecuted. Her use of the crdit card has nothing to do with their estate. She is responsible for her actions. If she charged on the account after your parents death, the credit card company can't attach the real estate you inherited. They would need to bring charges against your sister. You should cooperate by providing them with any information you have that would help in their investigation, where they can find your sister and the circumstances that enabled her to use your parents credit card (her being the executor of their estates).
what is the statue of limitation in Illinois for credit debit/
Depends, If the account is under your wife's name only you can just send a copy of the D.C. to the probate office for the company. However, If you were listed as a "joint" or "Co" on the account you are now responsible to pay off that debt or it will be taken from the estate.
No
Yes, if there is an incorrect information in your credit report, you have the right to dispute it and if proven correct, the credit bureau will not report it again.
Yes the debt is paid out of the estate. If the spouse was a partner in the debt, they can be responsible. If they had a card in their own name, they may have to pay. Consult a probate attorney in Illinois.
No. You never agreed to pay the debt, therefore cannot be held responsible.
The estate is responsible for the decedent's credit card debt.
Bank's Insurance company
no
The estate of the deceased.
Yup.
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.
No. The age of the children is not relevant unless they are adults who entered into a financial agreement with the parents. For example joint holders of a credit card account. The estate of deceased person(s) is responsible for paying any debts in the manner prescribed by the probate laws of the state where the person lived at the time of their death.
the deceased' inheiritance
blah
Yes!