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Your father is deceased with a small estate in North Carolina and a lot of debt does the child have to pay for it?
Wiki User
∙ 14y ago
The estate is liquidated, assets sold and as many of the bills paid as possible. If there isn't enough, the creditors don't get paid. It is not the children's responsibility to cover the debt.
Wiki User
∙ 14y ago
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Who is responsible for unpaid medical bills of deceased step-father in North Carolina?
The estate is responsible for any remaining debts. That will include medical bills. If there is not enough in the estate to cover them, someone will not get paid.
Will the estate of deceased in NC be responsible for medical bills if the deceased did not have insurance or a will?
Yes, it will be the responsibility of the estate. No will is necessary to open an estate. North Carolina law will designate the beneficiaries, if the estate value exceeds the debts.
In North Carolina if there is no will can the brothers of the deceased override the children's claim to the estate if witnessess swear the deceased left his entire estate to his brothers?
If the will cannot be found, then the state has a default will. In that case, the children of the deceased would inherit the estate, not the brothers of the deceased. Witnesses don't matter.
Who is responsible for a deceased person credit card debt in North Carolina?
The estate is responsible for the decedent's credit card debt.
Does North Carolina law require you to bequeath grandchildren of a deceased child any portion of your estate?
There is no law that tells you who you have to leave your estate to. That is entirely up to you. If you do not have a will, the law will protect all of the descendants equally.
Is the surviving spouse responsible for deceased medical bills in nc?
In North Carolina the estate is responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved.
Is a child of a deceased parent responsible financially for any debt incurred at a nursing home in North Carolina?
Not unless they signed taking that responsibility on. The estate has to resolve the issue.
What are North Carolina inheritances taxes?
North Carolina does not have an Inheritance tax and the Estate Taxesis related to the estate tax collection.There is no inheritance tax and the estate tax is related to federal estate tax collection.For further information, visit the North Carolina Department of Revenue site.
Is the wife responsible for the deceased spouse's bills in N C?
The estate has the responsibility to settle all debts including bills in North Carolina. Once that is done, the remainder can be distributed.
Where is Judy Klipfel Miss North Carolina in 1959?
deceased
Is surviving spouse responsible for credit card debt in North Carolina if she was not on the account when the other spouse died?
In North Carolina the estate of the deceased is 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.
What is a good Real Estate school in North Carolina?
A good Real Estate school in North Carolina i J. Y. Monk. The J. Y. Monk Real Estate School is the largest and most exceptional Real Estate School in North Carolina with courses offered throughout the state.
