Might start by writing the credit card company and stating that she had no knowledge of the credit card or the debt linked to it and as such does not believe that she has any responsibilities for the debt. Next stop in the lawyer. Is there loan insurance on the automobile loan? Contact the lender to find out. If the debts were not jointly incurred and the married couple did not reside in a community property state at the time of death the surviving spouse is not responsible for debts that were solely made by the deceased spouse. If the couple did reside in a CP state the surviving spouse should discuss the issue with the attorney who is handling the probate procedure. What she gets should not include the independent credit card debt, but something she may have expected may be used to satisfy it. All of the prior are essentially good points, especially the last: Even if it is his sole and separate debt...his death doesn't make it go away...it only means his estate has to satisfy it using any other asset...including that portion of those "shared" assets that he may have had with someone else. So, if that someone else is his spouse, that person isn't going to receive that as an inheritance. Hence the result is the same. The debt will be both from the onset in a Community property state, and even in others, unless you can prove that no portion of it went to benefit the other person. So, if the debt was incurred to pay for food, vacation, whatever...they both got anything from...even if one didn't know about it, it is both their debts.
how is the new 15000 dollar tax credit for homebuyers applied
[Debit] purchased goods 15000 [Credit] cash 15000
In general if the card was used after the person died, the user is responsible for the debt. In some cases the person using the card could possibly be face fraud charges. The laws of the state in which the deceased resided governs the penalties and/or responsibilities of said action.
[Debit] Loan to director 15000 [Credit] Cash / bank 15000
you cant
Yes, thru the lender that has the CD on the books if they will do it.
15000 = 15000/1
If you were an authorized user on your mother's credit card, then you are also responsible for outstanding debts on that account. If your mother had a Will and it was probated her bank accounts would be frozen, creditors paid off as well as any outstanding taxes on house/property and loans. The amount she charged on the credit card should have been paid by any money left in the Will. However, if she had little or didn't leave a will then I am sorry to tell you that you are responsible for the whole bill. Marcy THE CORRECT ANSWER I sorry but that answer is incorrect. There are different types of signers on a credit card agreement. There is the Primary, who's credit rating actually got the account. If the primary could not get the card with just his or her rating, then a Co-Signer would be needed that has the good rating. The Primary and the Co-Signer are both responsible for any charges incurred on the credit card. Then , there is what is called an "Authorized User". This is a person that the Primary and/or Co-Signer allows to use the card. They are put on the credit card account to use (charge) purchases to the credit card. HOWEVER, the Authorized user IS NOT responsible for payment, EVER. Alot of collections agencies will try to tell you that you have to pay the debt, but if you are only a Authorized User, you are NOT legally held to pay any part of the debt.. I worked for 3 banks with credit cards and I know that you do not have to pay, no matter what a collection agency tells you. And if they place anything on your credit report, you can sue them and have it taken off, or you can just dispute it, and then sue when the reporting agency does not take it off. IMPORTANT!!! If someone who is an authorized user of a credit card knowingly uses the card AFTER the death of the primary and cosigner, then that Authorized User WOULD be legally responsible to pay any charges placed on the credit card by them. It is ILLEGAL to continue to use a credit card as a Auth. User when you know that the primary is deceased, and therefore will not be able to pay the debt.
You can sue him. But if you dont want to....then i dont know.
19% of 15000= 19% * 15000= 0.19 * 15000= 2850
110% of 15000= 110% * 15000= 1.1 * 15000= 16,500
750.5% of 15000= 0.5% * 15000= 0.005 * 15000= 75