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Your mother's estate is responsible for her debts. The debts must be paid off before any money can go to the heirs. However, if she had more debts than assets, the heirs are not responsible for the difference.
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Are you responsible for your dead spouses credit card debt if you own a house together?
Your dead spouse's estate is responsible for the credit card debt. In practice, this may amount to "you are responsible for it."
Your mom is dead is her husband still responsible for her debt?
Yes
Are you responsible for a credit card debt from dead spouse in North Carolina?
In most cases they will be held responsible. The spouse is considered to have benefited from the debt.
In Wisconsin who would be responsible for your mothers Discover Card debt if she died had no one else on the card and her only survivor was a son?
If the Son had claimed responsibily for his Mothers debt by a written agreement, such as a will or Trust, then he would be responsible. But if there wasn't anything drawn up, then he is not reliable. The Credit Card Company may contact him for monies, but if there's nothing showing he's responsible, then they can't hold him responsible.
Are adult beneficiaries responsible for deceased parents debts?
No, you are not responsible for their debt. The only person legally responsible for a debt is the person that signed the contract for the debt. It doesn't matter if your dead parents left you money. Collection agencies cannot legally collect someone else's debt from you - but they will try. See the FDCRA to know your rights in debt collection.
Who is responsible for a deceased mother's credit card debt which is in her name only and property has transfer on death on dead avoiding probate?
The estate is responsible to pay outstanding debt before being distributed to the heirs.
If I signed the hospital admission forms as POA am I responsible for the debt after my mother's death?
No. Your mothers estate would be however There is no estate. She did not own a home or property.
Who is responsible for church debt?
The responsibility for church debt typically lies with the church leadership, such as the board of trustees or elders. They are accountable for managing the finances and making decisions related to borrowing money or accumulating debt on behalf of the church. Members of the congregation may also play a role in addressing or supporting the repayment of church debt through donations or fundraisers.
Are persons 65 years of age and older responsible for the debt on their credit cards?
Yes they're old not dead.
Are you liable for unsecured debt if you die in Florida?
A dead person in any state is not liable for debt. The deceased's estate is responsible for the debts to the extent there are assets in the estate to pay them.
Why am I responsiable for mothers debt to state of Maryland when she had no estate?
No, you are not directly responsible. The executor is responsible. This is one reason to create an estate. It allows the debts to be resolved and the estate closed. Note that if you co-signed any items, you may be held responsible.
My Step-father died am i responsible for his debt?
No, you are not responsible for his debt. His estate has that responsibility.
