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Is the POP of a deceased person obligated to pay off any debts if the estate has no money?
Wiki User
∙ 13y ago
No they are not personally responsible for the debt. One of the primary reasons to open an estate is to resolve such debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Wiki User
∙ 13y ago
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If a person has been granted the administration of estate of the deceased is he or she obligated to pay the deceased debts?
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do I have to pay medical bills of a deceased person if I am an administrator of the estate?
Yes, you have to pay any debts owed by deceased from estate proceeds. It depends on the state, but generally as the administrator of the estate, you, the executor, are responsible for paying debts 'with the estate itself'. You are generally not obligated to pay out of your own assets.
What are the UK laws regarding the debts of a deceased person Who pays them off?
The estate of the deceased is responsible for paying all the deceased's lawful debts.
When a person dies is the remaining daughter responsible for the debt of credit cards?
No. The deceased person's estate is liable for any of the debts of that person, but heirs are not liable for debts if the assets in the estate are not enough to cover the debts.
Are siblings responsible for deceased sibling's debt?
No, not unless they have signed a joint mortgage (you borrowed money jointly) with the deceased sibling.A dead person's debts are settled out of the person's estate. If the estate does not have enough money to settle the debts then they "die" with the person.
Who is responsible for deceased brothers debts?
When someone dies leaving debts they must be paid first out of the deceased estate and any monies owed to him collected before the remainder of the estate is divided between the heirs and beneficiaries. If there is not enough money in the estate to settle the debts then they "die" with the person.
Is the beneficiary of an estate responsible for the deceased debts?
Debts are the responsibility of the estate. No will is necessary to open an estate. Before anything in the estate can be distributed, the debts have to be cleared.
Who is responsible for the phone bill of a deceased person?
Phone bills will the the responsibility of the estate. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Who is responsible for my deceased husbands medical bills in Florida?
Technically the estate is responsible for all the debts of the deceased. The spouse, through the estate, has to pay off the debts.
Is sister responsible for deceased brother debt if no will?
Without some other duty owed the creditor (ie: cosigner on a loan, executor of estate obligated to pay creditor out of estate assets), there is no responsibility for the sibling of the deceased to pay the debts of the deceased. Further, the executor of an estate has no personal liability to pay debts of the deceased beyond the available funds of the estate. ---- Atty. John Libertine is providing this information for research purposes only, and is not offering legal advice. Licensing information is subject to change.
Are children of deceased responsible for his debt in Colorado?
The estate is responsible for the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.
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.
