0
What else can I help you with?
Is a surviving spouse responsible for the deceased spouse's debts if there is no estate in Kentucky?
In Kentucky the estate of the deceased is primarily 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.
In Michigan is a surviving spouse responsible for the deceased's credit card debts?
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.
Is surviving spouse responsible for debt of deceased spouse in Florida?
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. The estate of the deceased is responsible for the debts.
Is a beneficiary responsible to pay debts?
No a beneficiary is not responsible. One of the primary reasons to open an estate is to resolve such debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
In Massachusetts is a surviving spouse responsible for deceased husbands credit card debt?
Indirectly. The estate of the deceased husband is responsible for resolving all of his debts. Since the widow is going to be the primary beneficiary of the estate, she will inherit less because the estate has to pay the debt.
Are children responsible for the debts of their deceased mother in Illinois?
The estate of the deceased is responsible for the debt.
Who is responsible for my deceased husbands medical bills in Florida?
Technically the estate is responsible for all the debts of the deceased. The spouse, through the estate, has to pay off the debts.
In New York are the executors and beneficiaries of an estate responsible for the deceased individual's credit card debts if the executor-beneficiary was not on the credit card account?
The deceased estate is responsible for repayment of debt, with secured debts taking priority. With the exeption of property which is ruled exempt to probate procedures, assets will not be distributed to named heirs until debts are satisfied.
Are children of deceased responsible for his debt in Colorado?
The estate is responsible for 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.
Is the beneficiary of a life insurance policy responsible for funeral expenses of the deceased?
No. All monies of a deceased is gathered in to their estate, then all debts of the deceased are paid, then legacies are paid out. Policies payable to a person are payable to that person.
Is the beneficiary of an annuity responsible for paying the debts of the deceased?
No. The decedent's estate is responsible for paying the debts of the decedent. Generally, an annuity with a named beneficiary is not part of the probate assets much like life insurance payable to a named beneficiary. However, the recipient of an annuity should consult a professional regarding tax issues.
Can a beneficiary be liable for any estate debt?
A beneficiary cannot be made responsible. However, they may not get anything from the estate, because it is responsible for ending all debts.
