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Mother died widow she had 3000 in credit card debt and no will only 600 in checking account Is son liable for this debt?
Wiki User
∙ 14y ago
The son is not personally liable. The estate, of which the son is most likely going to be executor, is responsible for liquidating all debts. If there are not enough assets, the executor provides the court with how they are dividing them across the debtors. With approval, the estate is then liquidated and closed.
Wiki User
∙ 14y ago
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Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Can you be liable for someone else's credit card debt if you made their minimum payment every month out of your checking and you weren't a joint card holder?
No. Someone who pays the debt or an authorized user are not liable for the debt. Only someone named as a joint account holder can be held liable.
Can a co-owner on a checking account be liable for using money from an estate not settled?
Yes, the co-owner would be legally liable for using money in the account from an estate that was not settled.
Can you drop your name off a joint checking account?
Yes it is possible to do so - PROVIDED - the account is in credit and the other account owners agree. It is best to do this in writing (see related question below). If the account is in arrears (overdrawn) the bank will not let you do this as you are joint and severally liable for the debt.
Would my mother's children be liable for any credit card debt she had at the time of her death?
Your mother's estate is responsible for her credit card debt.
What if the signature on a joint credit card account was forged?
If you can show it was forged and you did not use the account then you are probably not liable. You should discuss this with a local attorney.
What are the responsibilities of credit card debt for unmarried couple break up?
The name on the account. If both names are on the account, both are fully liable for the debt.
In Ohio can you be liable for someone else's credit card debt if you made their minimum payment every month out of your checking and you weren't a joint card holder?
No, it does not make the non account holder legally obligated to continue payment nor assume the debt.
What does it mean to be a co-signer on a credit account?
It mean - BOTH people who sign the agreement are liable for the balance owing.
Are you liable for your husbands credit card?
Yes, you are liable for your husbands credit card.
Can you be liable for debt if someone adds you to their checking account?
If you are added as a joint owner on someone's checking account, you may have some responsibility for any debts or liabilities associated with that account. It depends on the terms and conditions of the account and the agreement you have with the other account owner. It's important to carefully consider the implications and potential risks before agreeing to be added to someone else's checking account.
If you are named on a joint checking account for your deceased father are you liable to his debtors?
No. The creditors (the father was the debtor) will likely go after his assets to collect debt. They will try to tell you to pay, but you just need to send them a death certificate and tell them you have nothing to do with his debts. If you are named on one of his credit accounts, then you would be responsible. Sharing a checking account doesn't make you liable. They may also try to take the money from the account, it is best to move it. Joint checking accounts are generally established as Joint Tenancy With Rights of Survivorship (JTWRS) meaning the deceased's funds automatically pass to the other account holder and are not subject to seizure by creditors or included in probate procedure. If the orignal signature card does not signify the way the account is held, the state's default law will apply. Most banks will require the surviving account holder to present a death cerificate in order to close the account entirely.
