0
What else can I help you with?
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.
When death occurs and there is no spouse are children responsible for debt in the state of Washington?
In Washington, children are generally not personally responsible for their deceased parent's debts if there is no spouse. The deceased's estate is responsible for settling debts, and creditors can claim from the estate's assets before any distribution to heirs. If the estate does not have enough assets to cover the debts, they may go unpaid, and children are not liable for the shortfall. However, if a child co-signed a debt or is otherwise legally obligated, they may be held responsible.
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 are the children held responsible for any debt left?
The parent's estate is responsible for their debts. If there is no estate the creditors are out of luck. However, if the parent left any assets, the estate must be probated in order to give creditors an opportunity to file a claim.
Are children of deceased parent responsible for bills in ga?
In Georgia the estate is responsible for the medical bills of the deceased. Only after they are resolved can the estate be closed and any remainder distributed.
Are children responsible for medical bills of a deceased parent when there is an estate or will?
Children are not responsible for the debts of their parents. The estate must settle the debts. The exception would be if a child signed any paperwork gaurenteeing the medical costs.
Are children responsible for parent debt after their death in VA?
The child is not responsible for the debts of the parents. The estate has to resolve all of these before they can close it out.
Are adult children responsible for credit card debt of a deceased parent who had no estate and who lived in the state of Pennsylvania?
No.
When a parent dies in Louisiana are the children responsible for the debt still owed by the deceased parent credit cards taxes mortgages etc?
The estate is responsible for all debts. Please consult a probate attorney for specifics on how to open an estate.
Are children responsible for a deceased parent in the state of Pennsylvania?
The estate is responsible for all the debts of the deceased. The children are not required to pay them from their own funds, but it will reduce the amount they inherit.
What are adult children responsible for paying from a deceased parent with no Will or estate but multiple medical bills?
Probably not. The estate may be used to pay bills but the children should have no personal liabilities.
In the state of Florida are children responsible for the medical bills or a deceased parent when there is not money or an estate?
In Florida the children are not personally responsible for the debt. 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.
