limited liability
liability
debts apex lluvyanna♥
No, the executor is responsible to insure the estate is taken care of. Them means either selling the house or paying off the mortgage. One way or another the debts have to be resolved before the estate is closed.
Although the heirs are not responsible for their mother's debts her estate is. That means that her debts must be paid from the estate before any distribution is made to the heirs. If the mortgage isn't paid the bank will take possession of the property and sell it. If there is a deficiency it may go after any remaining assets owned by the decedent. The heirs may need to arrange to sell the property to pay off the mortgage.
It means the sum of all the Debts being considered.
incorporatedINC stand for Incorporated.This means a company is legally in business and their are specific stipulations in regards to protection of the owners,CEO and or board members. In a corporation, stockholders, directors and officers typically are not liable for their company's debts and obligations. They are limited in liability to the amount they have invested in the corporation.
The most common characteristic of a corporation is financial responsibility. Corporations have limited liability which means that the corporation is responsible for paying it's debts. The owners or shareholders are personally shielded from that responsibility.
Limited liability means that owners of a corporation or members of a cooperative are not personally responsible for the debts the company incurs. It also means that if the company should do something that's against the law, the owners or members can't be held personally responsible.
debts apex lluvyanna♥
liability
liability
The estate of the deceased is responsible for resolving the debts left behind. This is the reason that an estate is a good idea, it provides a means to settle the debts.
The estate is responsible for the debts 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 estate is responsible for the tax debts of the deceased. That means before the estate can be settled, all debts, including taxes, have to be cleared. If there is not enough in the estate to cover them, they may not get paid.
The estate is responsible for all the debts 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 estate is responsible for the credit card debts 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, they may not get paid.
depts apex. its spelled (debts)