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If you were the second card holder on credit cards under your husband's name are you responsible for the debt if he passes away?
Yes you are. Call your credit card company (hopefully your husband is not deceased) and ask them about insurance to provide protection for such a thing. I have it on my husband and my own credit card. This way if one of us should pass away it is automatically paid off to a certain limit (I live in Canada and it's usually up to $15,000.) If your husband has passed on you automatically get the house, properties, etc., unless otherwise specified in his Will. All taxes on properties (if the properties are not in your name as well) are paid and all debts are paid by action of Probate. What is left over is yours. If you and your husband had joint ownership in everything then it's fairly simple. Go to your banking insitution and they will certainly help you out with these matters. Marcy
What else can I help you with?
If you are an authorized user on a credit card and the primary holder dies are you resonsible for the debt?
An authorized user on a credit card can be responsible on an account in which the primary card holder passes. The creditor looks at the situation as the authorized card holder was able to make purchases with the account, and should be held liable, even in the event of the primary's death.
Who is responsible for credit card debt after someone passes away?
No one. The family is not responsible for the debt. Credit cards want people to think they are, but it is volunteer to pay/assume the debt of the person who passed away.
Is a wife responsible for her husbands medical bills after he passes in New York?
The wife is not directly responsible unless she is on the medical insurance contract. Many courts would rule that the spouse benefited from the debts and can be held responsible. The estate must pay the debts before she can inherit anything.
Is it okay to use your dad's credit cards after he passes away if you pay them on time?
No. The issuer should be notified of the death of the account holder and if applicable the debt should be included in probate procedure. no
In the state of Ohio is a spouse responsible for medical bills or credit card debt after the spouse has passed away?
My husband has termial cancer and I was wondering when he passes will I be responible for any credit card debts he has and any of his medical bills? We live in the state of Ohio.
If husband dies in ct does wife have to pay off the balance of his credit card?
In Connecticut, a wife is generally not personally liable for her husband's credit card debt unless she was a joint account holder. If the husband passes away, his estate is responsible for settling his debts, including credit cards, using his assets. If the estate does not have enough assets to cover the debts, they may go unpaid, and creditors cannot pursue the surviving spouse for those debts. However, any joint debts or debts incurred together would still be the responsibility of the surviving spouse.
If a man passes away is his widow or his children responsible for any of his credit card debt in California?
The estate is responsible for his debts. In most cases this will mean that the credit cards will have to be paid off before the spouse or children can inherit any money. If the wife is also listed on the credit card, she will be liable along with the estate for paying it off. This question is best posed to an attorney familar with California estate law and this mans' will.
What does "puttable upon death of holder" mean in terms of financial investments or assets?
"Puttable upon death of holder" means that the investment or asset can be sold back to the issuer or another party upon the death of the holder. This feature allows the holder's beneficiaries to liquidate the investment quickly and easily after the holder passes away.
What would you use a plastic badge holder for?
A plastic badge holder can be used for a variety of things. That being said, an i.d, Bus pass, photo, credit cards.Name Tag some plastic badge holders are made with clips to it clips to an pant pocket or shirt pocket.
Who is responsible for credit card debt when a person dies in New York State?
If the person left a Will then Probating the Will will pay all debts the person has left behind and what is left in the Estate (is called 'residue) and this is what is left for the Heirs in the Will. If the person dies without a Will whatever they have is sold and debts paid off, but it's not up to next of kin (unless their name is on the credit card application) to pay the debt. Example: If a husband passes away and the husband and wife's name is on the Credit Card (it usually is) then the wife is responsible for the Credit Card debt.
When your husband passes away do you have to pay his credit card bills even if your name is not on them?
Maybe. In some community property states a surviving spouse is responsible for all the debts that were incurred during the marriage even if he or she did not hold the account.
When an adult passes away who is responsible for their funeral?
Their closest relative probably
