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Can a revocable trust be sued by credit card companies after the person is deceased?
That all depends on the trust and whether it was set up properly to protect the assets of the decedent. In order to transfer title to property out of an individual to protect that property from probate and creditors EFFECTIVELY, the trust must be drafted by a professional. If the truster maintained any control over the trust the trust property may be vulnerable to claims against the decedent's estate. The creditors can make claims against the estate and a judge will decide.
What else can I help you with?
What if person uses deceased persons credit cards?
The use of a deceased person's credit card would constitute credit card fraud. Unlawful use of a credit card is a criminal offense.
What is the law in Florida regarding credit cards after death of the card holder?
In Florida, the executor or personal representative of the deceased's estate is responsible for notifying credit card companies of the cardholder's death. The estate is generally responsible for paying off any outstanding credit card debt using the deceased person's assets. Family members are not typically personally liable for the deceased person's credit card debt.
In the case of a living trust what are credit card companies' options if the family of a deceased person does not respond to inquiries about paying off the deceased's balance?
The credit card compaines will hire someone to harass the family to get the money, or they will hire a lawyer and go to court. They don't care.
Who is responsible for a deceased person credit card?
Bank's Insurance company
What steps should be taken to obtain a credit report for a deceased individual?
To obtain a credit report for a deceased individual, you need to request it from the credit reporting agencies by providing the necessary documentation, such as a death certificate and proof of your authority to act on behalf of the deceased person's estate.
Who is responsible for a deceased person credit card debt in North Carolina?
The estate is responsible for the decedent's credit card debt.
Who is responsible for credit card debt when a person dies in West Virginia?
the deceased' inheiritance
Can the bank you have a second mortgage with and a credit card with attach that credit card to your second mortgage after a person is deceased?
Once a person is deceased all debt is completely erased from that person's credit. If they own a home and do not have a will nor a co-signer of the home loan the government will take over the ownership of that home. If they have credit card debt, the debt is forgiven and no longer in existense.
Can credit card companies take away a deceased person's retirement plan?
Most retirement benefits are exempt from creditor action. However the exemption status of a deceased person's assets and property is determined by the state probate laws. Because these laws differ greatly from state-to-state it is not possible to give a more definitive answer.
Can a surviving spouse use her deceased husbands credit card?
Only if she is also on the account. If not, then absolutely not. You can get yourself in a heap of trouble by using the credit card of a deceased person. You must notify the credit card company of the death and close that account.
Who pays off the balance of a deceased credit card person?
If person dies with debt, the debt does not die with them and their creditors have the right to be repaid from the deceased's estate. The executors of the estate need to be aware of any debts in order that they can deal with them. If there is no estate, or if the debts are relatively small, creditors may well write off the debt. If any debts are in joint names, the surviving partner will remain liable for the debt.
What is the penalty for using the credit card of a deceased person?
It is a felony... Prison time... They WILL catch you...Dont do it..
