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The parent's estate will be responsible. If there are not enough assets, the debts may not get paid.
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∙ 10y ago
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Are children responsible for their parent's debts when the parent dies even if you are power of attorney?
No
If a dependent parent dies are the children responsible for the tax debt?
If a dependent parent dies then the estate will be responsible for their tax debt. If you are over their estate then you would have to ensure that the government gets their taxes.
When a parent dies who is responsible for their bills?
The estate of the deceased is responsible. In many cases the spouse will be held responsible as well.
If a parent dies are the children responsible for the funeral costs if the parent had nothing?
Morally and ethically yes, but not legally.
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.
Is a co signer responsible for parent plus loan if main borrower dies?
Yes.
When a parent dies are their children responsible for their debt?
Normally the estate has that responsibility. If the children co-signed, they can be held personally responsible.
What to do after a parent dies?
go to the streets to starve or go to a family member near by
When your father dies who is responsible for the funeral?
The family of the deceased should make the funeral arrangements in accordance with any directives left by the parent. Costs for the funeral and other services are then paid out of the estate funds.
If a divorce parent dies is his estate responsible to meet divorce settlement agreements?
Quite often, yes.
Does the act of writing checks for bills for your elderly parent constitute your being the appointed guardian or trustee for your parent and make you responsible for all debts after the parent dies?
No it does not, not in any state.
When a parent dies are children responsible for a debt they still owe to the parent?
They still owe the money to the estate. The executor may offset their inheritance by that amount.
