The estate has the responsibility. And the assumption is that the wife inherits at least half, if not all, of the husband's assets. But the estate has to liquidate all assets before they can transfer them to the spouse. One way or another, the spouse really ends up paying the debt. If there is more debt then assets, the debt will normally be closed out.
in any state wife is responsible for husband even if husband passed that is what insurance protects your loved one's from unfortunally she is responsible for all debts he has
The estate is responsible for the debts. If the estate has no assets, the creditors will not get paid. If there are not enough assets to pay the debts, the beneficiaries will not receive anything.
In every state, the estate is responsible for the debts of the deceased. Only after they are resolved can the estate be closed any remainder distributed.
The estate is responsible for all the debts of the deceased. The children are not required to pay them from their own funds, but it will reduce the amount they inherit.
No. Oklahoma is not a community property state.
The estate of the deceased is responsible in Washington. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.
No, New York is not a community property state.
Washington State is a community property state, in most instances a surviving spouse is responsible for the deceased spouse's debts depending upon the nature of the debt and how the deceased's estate is handled under state probate laws.
In Michigan they are not personally responsible for the debt. 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.
In every state including Kentucky, the estate is responsible for the debts of the deceased. Only after they are resolved can the estate be closed any remainder distributed.
No, Virginia is not a community property state. Therefore spouses are solely responsible for their own debts as long as those debts are not incurred jointly.
Generally, the deceased parent's estate is responsible for the debts of the deceased. The creditors should be notified of the death. If there are any assets the estate should be probated.