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What else can I help you with?
Can a landlord sue an estate after someone dies?
In most cases the debts of the deceased are the responsibility of the estate. If the landlord has a valid claim, they can bring suit to collect. Consult a probate attorney in your jurisdiction for help.
Is there a time limit after someone dies for the creditors to collect from estate?
Yes, there is typically a time limit for creditors to collect debts from an estate after someone dies, often referred to as the "statute of limitations." This period varies by jurisdiction but commonly ranges from a few months to several years. Executors or administrators of the estate usually notify creditors of the death and may set a specific time frame for claims. After this period, any debts not claimed may be barred from collection against the estate.
What happens to the estate of a parent who dies and leaves a lot of debt?
Debts are one of the primary reasons someone should open an estate. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
What happens to debt of someone who dies?
One of the primary reasons to open an estate is to resolve these debts. The estate is required to pay off any debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Who pays the attorney when someone dies in Alaska?
The debts of the deceased are the responsibility of the estate. The estate would pay the cost of an attorney. If the estate has no assets, the attorney would require someone to pay them for their services.
What is included in an estate when someone dies?
When someone dies, their estate typically includes all their assets, such as property, money, investments, and personal belongings. It also includes any debts or liabilities they may have. The estate is then distributed according to the deceased person's will or state laws if there is no will.
Who is responsible for deceased brothers debts?
When someone dies leaving debts they must be paid first out of the deceased estate and any monies owed to him collected before the remainder of the estate is divided between the heirs and beneficiaries. If there is not enough money in the estate to settle the debts then they "die" with the person.
If a parent dies are the children responsible for their credit card debt if the estate doesn't cover it?
No, the children are not responsible. Debts are one of the primary reasons someone should open an estate. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Who is responsible for your mother's debts if she dies without a will in Texas?
The estate is responsible for the decedent's debts.
When someone dies is an estate resquired?
It will depend on the debts and assets of the deceased. It is normally a good idea to establish one in order to settle all debts and terminate them if possible.
If someone dies in debt how is the debt paid off?
When someone dies, any debts they leave are paid out of their 'estate' (the money and property they leave behind). You're only responsible for their debts if you had a joint loan or agreement or provided a loan guarantee - you aren't automatically responsible for a husband's, wife's or civil partner's debts.
Who is responsible for debts when a parent dies in Mississippi?
The estate is responsible for the debts. Until they are resolved, nothing can be distributed.
