0
Who is responsible for the deceased's credit card debt when probate procedure is not required?
Wiki User
∙ 14y ago
If the estate is not subject to probate procedure the personal representative should inform creditors of the death of the person and the deceased's financial status by means of a simple affidavit. Unless checking accounts and other assets (insurance benefits, bonds, stocks, etc.) and property are exempted under state laws, they are subject to creditor action. The best option is to consult with a qualified estate attorney before spending, transferring, distributing or taking any action regarding the personal and/or real property of the deceased.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
When is a probate procedure required in a family death in the state of kansas?
A probate procedure is required when the decedent owned any property in their sole capacity.
When is a probate procedure required in a family death in the state of Massachusetts?
Generally, a probate is required if the decedent owned any property.
Is leased land exempt from probate procedure?
The contract is an asset of the estate and is going to be subject to the probate procedure.
Is new york state subject to probate procedure for credit card debt?
Yes. A decedent's estate is responsible for the debts of the decedent.
Your father passed away so what do you do with his credit card accounts?
They are included in the state probate procedure. When the deceased's estate (debts and nonexempt assets) is filed with the probate court, creditors will be notified and given a specified amount of time to file a claim. A qualified attorney is usually required as probate procedure can be complicated and costly.
Who is responsible for expenses while a home is in probate?
The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.
Is a family responsible for medical bills after death?
Only if they signed an agreement accepting the responsibility to do so. If that is not the case, the medical bills will be included in the state probate procedure.
Is probate procedure required in Illinois?
A probate proceeding is required when a person dies who is the sole owner of property. Title to real estate must pass through probate in order to vest in the heirs. In some jurisdictions there is a speedy process when there is personal property under a minimum dollar amount or the only property is a motor vehicle. You should seek the advice of an attorney.
Probate procedures for multiple deceased members?
A probate procedure would need to be filed for each member who died owning an interest in the property. You should consult with an attorney who specializes in probate.A probate procedure would need to be filed for each member who died owning an interest in the property. You should consult with an attorney who specializes in probate.A probate procedure would need to be filed for each member who died owning an interest in the property. You should consult with an attorney who specializes in probate.A probate procedure would need to be filed for each member who died owning an interest in the property. You should consult with an attorney who specializes in probate.
What does probate court have to do in the reading of a last will?
There is no official reading of a last will required. The probate court has nothing to do with it.
Is it required to probate a will?
Probate is typically required to legally validate a will, transfer assets, and settle the deceased person's estate. The specifics of probate laws vary by jurisdiction, so it is best to consult with a legal professional to determine if probate is necessary in a particular situation.
What is a way to legally appoint an executor if will was lost so you can free up deceaseds accounts?
The estate would be opened up in the normal way by application to the probate court. They will appoint an executor and issue of Letter of Authorization. That allows the executor to access the accounts.
