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The estate is responsible for the decedent's debts. One of the primary reasons someone should open an estate is to resolve such debts. 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.
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Is the estate responsible for medical bills after death of the person?
Yes. The estate is responsible for all debts, including medical bills.
Are parents responsible for debts of a single adult child after death?
The decedent's estate is responsible for the debts of the decedent.
Who is responsible for a persons debt when they die?
The estate will be responsible. If there are not enough assets to cover the debts, then they will not be paid.
Who is responsible for debts upon the death of a sole proprietor?
The debts are paid from the estate.
How long after death is estate responsible for medical bills?
Until the estate is closed, it is responsible for debts. One of the primary reasons someone should open an estate is to resolve debts. 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.
Is my mother responsible for my deceased father's medical bills?
The estate of the deceased is responsible for the debts. Your mother will indirectly have to resolve the debts before the assets are released.
Is the estate responsible for the persons debt after they pass away?
Yes. The estate is responsible for the debts of the decedent. Those debts must be paid before any assets are distributed to the heirs.
Who is responsible for my deceased husbands medical bills in Florida?
Technically the estate is responsible for all the debts of the deceased. The spouse, through the estate, has to pay off the debts.
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.
Who is responsible for credit card debt after death in Michigan?
The estate of the deceased is responsible in Michigan. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.
Who is responsible for credit card debt after death in Indiana?
The estate of the deceased is responsible in Indiana. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.
Is a daughter still at college responsible for her fathers debts after his death even though he left no money?
The estate is responsible for the debts of the decedent. If there is no estate the creditors are out of luck.
