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In Massachusetts it is the responsibility of the estate to pay the medical bills of the deceased. Only after they are resolved can the estate be closed and any remainder distributed.
The estate needs to pay the bills, not you personally. The estate has to pay off all the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
The estate or actually the executor of the estate is responsible for medical and other expenses as part of the distribution of the estate. After all debts have been paid from the proceeds of liquidation of the estate only then can funds be distributed to beneficiaries. The executor of the estate and beneficiaries of the estate need not pay anything out of their own pocket if the estate cannot pay for the entire bill. But if the expenses are not paid the hospital will certainly come after the estate and any monies that were distributed. Check the terms of the life insurance. If payment is assigned directly to the beneficiaries you may not need disburse funds to the hospital. On the other hand, if the life insurance goes to the estate, the hospital must be paid first if you don't want to end up in court.
No, an executor cannot sell the estate home without the signatures of all involved. This isn't legal or possible in New Jersey.
Trustees are not generally involved in a life estate.Trustees are not generally involved in a life estate.Trustees are not generally involved in a life estate.Trustees are not generally involved in a life estate.
If you want to be a real estate broker in the United States you would be required to have a license. A real estate broker without a license in the United States would be considered illegal and could be sent to jail.
The estate is responsible for medical bills of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid. The wife may not inherit anything from the spouse if there are not enough assets to cover the debts.
The debts of the deceased are the responsibility of the estate. The hospital can certainly put a lien against the estate for their money. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.
Yes. The estate is responsible for all debts, including medical bills.
If the estate has no assets, then technically no one is responsible. If the hospital (or whoever the money is owed to) decides to sue, they'd be suing the estate, which has no money, which is just pointless. The family can pay for the medical bills, but I don't think it's necessary. If you are the Executor of an estate, you should probably meet with an attorney anyway. This is the reason to create an estate. It provides an opportunity to gather all the debts, pay off whatever the estate can pay off, and have the rest officially closed off so that the debtors don't keep bugging the family.
In most countries (I expect the state of Ohio would be the same) the debts of a deceased person are normally payed from that person's estate and would be settled by the executor of the estate as part of obtaining probate for the estate. If you are worried (and the estate has an executor) speak to the executor, otherwise seek advice from an attorney if the hospital is coming after you for the money.
its a commercial real estate and financial expert ...