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No, you are not responsible for his debt. His estate has that responsibility.
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∙ 11y ago
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If a stepfather dies is his stepson responsible for debt?
No. Though the law may differ in other countries, in the United States, debt dies with the debtor. The debtor's estate can be liquidated to raise capital for the debt, but no family member can be asked to repay any portion of the debt.
Who is responsible for School debt after death?
The borrower, i.e., the person who signed the note, is responsible for payment. If the borrower has died their estate is responsible. If there is no estate the creditor is out of luck. If there was a co-signer then they will be held responsible for paying the debt.
Who is responsible for church debt?
The responsibility for church debt typically lies with the church leadership, such as the board of trustees or elders. They are accountable for managing the finances and making decisions related to borrowing money or accumulating debt on behalf of the church. Members of the congregation may also play a role in addressing or supporting the repayment of church debt through donations or fundraisers.
I am in Oregon my Dad has died I am 23 and do not know what to do about his credit card debt Am I responsible I am in Oregon.?
AnswerNo, you need to send a copy of the death certificate to the credit card company. You are not responsible for your father's debt.
You are an executor of your cousins will he was a beneficiary of his stepfathers estate but died before his stepfather?
If he died before his stepfather, he will not receive anything. Whether his heirs get anything will be determined by the stepfather's will and executor and will not affect your work.
If my stepfather runs away is my mother responsible for the mortgage?
i gess so
How many years are you responsible for a debt?
The length of time you are responsible for a debt depends on the type of debt and the statute of limitations in your state, typically ranging from 3 to 10 years. However, it's important to note that even after the statute of limitations has passed, the debt still exists, but the creditor can no longer sue you for payment.
Who is responsible for marital debt?
Both of the spouses are responsible for the debt. They both benefited from the debt, so they are held responsibility.
Are you responsible for your siblings debt?
You are not responsible for your sibling's debt unless you co-signed and agreed to be responsible for it. If you co-sign for a debt and the primary borrower doesn't pay then you will be held responsible for repayment.
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
Are you responsible for your deceased mother's debt with an applicance store?
If you were not listed as a joint account holder you are not responsible for the debt.
Who is responsible for debt when a person dies in Washington?
The estate is responsible for debt. That is one of the reasons for opening probate.
