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Death wipes out most debt ... but not all. It would depend on properties and any contracts you had. Best to talk to a lawyer (who will gladly put you into his debt).
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∙ 15y ago
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Is the estate liable for the debt on a surviorship deed?
The estate is liable for the obligations of the deceased. They would have to settle the debts.
When a person dies is the remaining daughter responsible for the debt of credit cards?
No. The deceased person's estate is liable for any of the debts of that person, but heirs are not liable for debts if the assets in the estate are not enough to cover the debts.
Is the surviving spouse responsible for her deceased husband's debts in Oklahoma?
The debts of the deceased are the responsibility of the descesed's estate. The estate must resolve the debts before any money goes to the heirs. Consult a probate attorney in your jurisdiction for help. From your question it would appear that your husband died without leaving any money or property, if this is the case then there would be no money available to settle debts. However, if your hsband and you shared ownwrship of your house then his half of the house would be liable to settle these debts. If you are in problems the best course of action is to see an attorney.
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.
Are you liable for your wifes medical bills in colorado?
In Colorado, as in all states, the estate is responsible for all the debts of the deceased. That means before the estate can be settled, all medical bills have to be cleared. If there is not enough in the estate to cover them, the husband may not get anything.
Is the spouse of a deceased credit card holder responsible for his debt in New Jersey?
You should contact an attorney in New Jersey to get an exact answer..However, normally if you have not signed the credit card contract, or any contract, you will not be held liable to the debts of a deceased spouse..Remember..A creditor can go after the estate of a deceased spouse. * No, New Jersey is not a community property state, therefore marital debts that are not jointly held belong solely to the spouse who held the account. All non exempt assets and debts of the deceased are entered into probate procedure and handled according to the state probate laws.
Is the surviving spouse liable for a deceased spouse's medical bills in Kansas?
As in all states, Kansas requires the estate to be responsible for all the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.
Can a wife in WI be held liable for a husband's debts?
Most states, yes, so is likely if incurred during union.
Can a sibling be held liable for another sibling's debts if the deceased sibling was not married had no children and left no assets or any estate?
No, a sibling will not be responsible for the debts. The estate is responsible for the debts. If the estate has no assets, the creditors will not get paid. If there are not enough assets to pay the debts, the beneficiaries will not receive anything.
Is an authorized user on an account for which the primary account holder has been deceased for two years responsible for paying the amounts charged?
An authorized user does not fulfill the definition of "debtor" under the Fair Credit Reporting Act. AU's are not liable for any debt they have not signed a contractual agreement for. If the AU is the heir of a deceased person, the deceased's estate or heirs MAY have liability for their debts. This would depend upon (their state's) inheritance laws and the terms of the will.
In Florida is the surviving spouse liable for debt?
In Florida the estate of the deceased is going to be responsible for the debts. Indirectly, the spouse is going to pay the debts, either by a smaller inheritance or as a beneficiary of the goods and services purchased by the spouse.
Is a husband responsible for his deceased wife's medical bills in mi?
In Michigan the estate has the responsibility to settle all debts, including medical bills, not the husband. Once that is done, then remainder can be distributed to the husband.
