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The estate is responsible to resolve all debts. Once they are resolved, then the rest can be distributed to the spouse.
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Is spouse responsibe for spouses funeral in pa?
In this case the assumption is that the wife inherits at least half, if not all, of the husband's assets. But the estate has to liquidate all debts before they can transfer any assets to the spouse. One way or another, the spouse does end up paying for the funeral.
What insurance pays off a house in case of a spouses death?
Credit Life Insurance.
Can a creditor take a private pension of a spouse after death for repayment of debt?
In the event of your death whilst owing money to your creditor and when you leave an estate then the first thing to be sorted out from the estate are your debts which you owe at the time of your death and for the executor of your will to ensure that any monies owed to you by a third party is also collected in as your estate consists of your entire assests at the time of your death once all of your debts and monies owed to you are collected and paid out and what is left is then permitted and only then to be shared amongst the beneficiaries but your creditor is not permitted to take the private pension of your spouse in order to recover your debt unless your spouse also signed as the guarantor at the time the credit was was agreed and paid to you in which case a judgment must be granted by the court in their favour against your spouse before they are permitted to claim or to arrange deductions directly from your spouses private pension Or if you meant to ask if your spouses creditor is permitted to claim your spouses private pension upon theur death then again the answer is no as they get paid from the contents of your spouses estate before you or any beneficiaries are given your share and their estate consists of all of your spouses assets at the time of their death and a pension scheme is paid in installments weekly or monthly and therefore the money from their private pension does not count as part of their estate as the money in the pension is not yet at that point of the estate being worked out yet an asset nor part of the estate .
What happen to mothers property when she death?
It depends on what she has stated in her will. If there is no will, then the government will look into the case and decide who inherits what. If the mother had debts to pay, then the bank can legally take possession of the property to sell in order to pay off the debts.
What does a bankrupt discharge?
The chapter 7 discharge order eliminates a debtor's legal obligation to pay a debt that is discharged. Most, but not all, types of debts are discharged if the debt existed on the date the bankruptcy case was filed. (If this case was begun under a different chapter of the Bankruptcy Code and converted to chapter 7, the discharge applies to debts owed when the bankruptcy case was converted.) Some of the common types of debts which are not discharged in a chapter 7 bankruptcy case are: a. Debts for most taxes; b. Debts that are in the nature of alimony, maintenance, or support; c. Debts for most student loans; d. Debts for most fines, penalties, forfeitures, or criminal restitution obligations; e. Debts for personal injuries or death caused by the debtor's operation of a motor vehicle while intoxicated; f. Some debts which were not properly listed by the debtor; g. Debts that the bankruptcy court specifically has decided or will decide in this bankruptcy case are not discharged; j. Debts for which the debtor has given up the discharge protections by signing a reaffirmation agreement in compliance with the Bankruptcy Code requirements for reaffirmation of debts.
If a student dies are the Stafford debts forgiven or passed on to the family?
If in case of death or total and permanent disability of the student Stafford Loans are completely forgiven.
If a car is titled to husband and wife in Florida can a credit card company take it for a judgment if the card is in only one name?
No. Florida has the reputation of being a "debtor friendly state". In this case debts incurred before marriage cannot be applied to both spouses.
Are parents responsible for debts of children who pass away?
No way! Why would your parents have to pay your bills? There is no law that says they have to take over your bills in case of death. No such law exists. Why would you think so? No way! Why would you think so? There is no law that says your parents have to pay the debts of their kids in the event of death. No such law exists.
Does the surviving spouse have to pay the CC debts of the deceased spouse?
If the debt was in the spouses name only, they will have a hard time making a case for you to pay the debt. Hopefully the surviving spouse has no connection to it (not even an authorized user of the account). Just send a copy of the death certificate, they have to write it off. They will tell you that you have to pay it, and they may come after his assets (a car he owns or something that is in his name only). You will want to contact a credit councelor - most will give free advice. If the married couple resided in a community property state the surviving spouse in most instances is responsible for all debts incurred in the marriage even if they were not a joint account holder. The exception would be the CP state of Wisconsin which treats marital debts differently when it pertains to the death of a spouse.
You signed your brothers death certificate and the lawyer said you are responsible for all his debts?
That doesn't sound right. Why would you sign a death certificate unless you are a doctor? You may have signed something that said you agree to be the executor of your brother's estate. In that case, you may be responsible for liquidating your brother's assets to pay his outstanding debts. But that would not require you to settle his debts from your own funds. You need some clarification from the lawyer, perhaps even a second opinion from another lawyer. Unless you were business partners, it does not make sense that you would agree to pay your dead brother's debts.
Can a house that was willed to someone be sold by the estate attorney even if the new owners want to do as they please with it?
The answer depends on the details. For example, if there are debts to pay and no cash, the property must be sold to satisfy the debts. A decedent's debts must be paid before any property can be distributed. In that case, the heirs can purchase it from the estate, thereby providing the funds to pay the debts.The answer depends on the details. For example, if there are debts to pay and no cash, the property must be sold to satisfy the debts. A decedent's debts must be paid before any property can be distributed. In that case, the heirs can purchase it from the estate, thereby providing the funds to pay the debts.The answer depends on the details. For example, if there are debts to pay and no cash, the property must be sold to satisfy the debts. A decedent's debts must be paid before any property can be distributed. In that case, the heirs can purchase it from the estate, thereby providing the funds to pay the debts.The answer depends on the details. For example, if there are debts to pay and no cash, the property must be sold to satisfy the debts. A decedent's debts must be paid before any property can be distributed. In that case, the heirs can purchase it from the estate, thereby providing the funds to pay the debts.
Can you get an NBI hit for unpaid credit card debts?
no, this is not a criminal case.
