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The estate is responsible for the debts. Until they are resolved, nothing can be distributed.
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∙ 9y 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
When a parent dies are family responsible for their depts?
The parent's estate will be responsible. If there are not enough assets, the debts may not get paid.
Who is responsible for debt when a parent dies in Florida?
The parent's 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.
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.
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 a parent dies in Washington are children responsible for debt when there is not money or an estate?
They are not personally responsible. The estate has the responsibility to resolve the debts. If the assets are not adequate to resolve them, they have to be written off.
When senior dies are siblings responsible for any outstanding debts?
Siblings are not typically responsible for debts unless they signed for them. The estate has to settle the debts.
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.
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.
When a widowed parent dies in California are the children responsible for the debt owed by deceased parent for loans credit cards taxes etc?
When someone dies in CA the relatives of that person are NOT responsible for the debts owed by that person. The credit cards and loans would like you to think you owe the money, but you don't.
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.
Are children responsible for parent's debt after the parent dies according to Michigan probate law?
In Michigan the debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in Michigan for help.
