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Is the estate responsible for gambling debt incurred by a parent?
Wiki User
∙ 14y ago
The decedent's estate is responsible for any debts incurred by the decedent.
Wiki User
∙ 14y ago
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Is a child of a deceased parent responsible financially for any debt incurred at a nursing home in North Carolina?
Not unless they signed taking that responsibility on. The estate has to resolve the issue.
When a parent dies are family responsible for their depts?
The parent's estate will be responsible. If there are not enough assets, the debts may not get paid.
Who is responsible for a deceased parent's bank loans?
The parent's estate is responsible for the loans. If there are no cash assets to pay the loans the lenders will take the property such as real estate or a vehicle.
When a parent dies are the children held responsible for any debt left?
The parent's estate is responsible for their debts. If there is no estate the creditors are out of luck. However, if the parent left any assets, the estate must be probated in order to give creditors an opportunity to file a claim.
If a dependent parent dies are the children responsible for the tax debt?
If a dependent parent dies then the estate will be responsible for their tax debt. If you are over their estate then you would have to ensure that the government gets their taxes.
Is an adult child responsible for a parent's debt when there was no will and no estate?
There is an estate! If you haven't opened one, you should. The estate is responsible for the debts. Consult an attorney for the area that you live in for specifics.
When a parent dies who is responsible for their bills?
The estate of the deceased is responsible. In many cases the spouse will be held responsible as well.
Who is responsible for debts when a parent dies in Mississippi?
The estate is responsible for the debts. Until they are resolved, nothing can be distributed.
In Ky is the surviving child responsible for deceased parent medical bill?
No, in Kentucky, children are generally not responsible for a deceased parent's medical bills unless they have signed a separate agreement agreeing to be responsible for them. The estate of the deceased parent would typically be responsible for any outstanding medical bills.
When a parent dies in Washington are children responsible for debt when there is not money or an estate?
They are not personally responsible. The estate has the responsibility to resolve the debts. If the assets are not adequate to resolve them, they have to be written off.
Are children of deceased parent responsible for bills in ga?
In Georgia the estate is responsible for the medical bills of the deceased. Only after they are resolved can the estate be closed and any remainder distributed.
When a parent dies in Louisiana are the children responsible for the debt still owed by the deceased parent credit cards taxes mortgages etc?
The estate is responsible for all debts. Please consult a probate attorney for specifics on how to open an estate.
