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As long as the child is not a cosigner on the debt, the child is not responsible for parent's debt. The parent's estate would be responsible for the debt. Technically this could reduce the inheritance the child receives, but it is not the responsibility of the child.
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∙ 14y ago
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Can a bank force parents to pay their child s credit card debt?
I don't know all of the facts, but I do that if the child is dead, the parents or legal guardians will be liable to pay off the debt.
Are the parents of a deceased adult child with no estate responsible for paying unpaid debt?
No, if they were not joint debtor's with the deceased they are not responsible for any of his or her debts.
Is the estate liable for the debt on a surviorship deed?
The estate is liable for the obligations of the deceased. They would have to settle the debts.
Is a child liable for a deceased parents unpaid taxes even if there was no will estate or trust.?
They are not personally responsible for the debt or taxes. The estate has to pay off these claims. If the estate cannot, they distribute as best they can. If the court approves the distribution, the debts are ended.
What debit am i liable for when Married in community of prop and husband deceased?
The only debt you're liable for - is anything in joint names. Any debt solely in his name died with him.
Are you liable for unsecured debt if you die in Florida?
A dead person in any state is not liable for debt. The deceased's estate is responsible for the debts to the extent there are assets in the estate to pay them.
Are parents responsible for adult child's debt to an attorney?
Very generally speaking, in the U.S. a person is not liable for any other person's debt, unless that person is a cosigner on a loan or something.
Is the daughter of deceased father liable for his debt in Texas?
The estate of the deceased is liable. If you inherit any money, property or valuables these should have been used to settle the estate. If there was no estate then you will need to show this to the IRS.
In Canada is a wife liable for her deceased husband's debt if it was incurred without her knowledge or consent?
Unfortunately yes. Communal debt and communal assets.
In Wis can the next of kin be held liable for parents or inlaws debts after they pass away?
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.
Is a spouse responsible for the other spouses child support debt if they are deceased?
No.
Is a surviving spouse liable for payment of debt on a loan cosigned only by the deceased spouse in Kentucky?
No, Kentucky is not a community property state.
