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Is excutor of estate responsible for paying the prior homeowner association fee?
Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.
Are siblings responsible to creditors with a negative balance estate?
In most cases the debts of the deceased are the responsibility of the estate. Siblings are not responsible for the debts. Anyone that may have been a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.
Who is responsible to pay a credit card if the person dies?
The person's estate pays for all outstanding debts.
Is a spouse responsible for deceased spouses medical bills?
No - a person's debts die with them. The spouse of a deceased person is not responsible fofr their outstanding bills.
Will you be responsible for your mothers outstanding dept if she died without any assets?
No. Unless you agreed in writing to be responsible for your mother's debts, her estate will be responsible. If there is no estate the creditors are out of luck.
Who pays outstanding debts when someone has passed away?
The estate of the deceased is responsible for outstanding debts. The exact process that will be followed depends on whether the deceased outlined plans for an estate in a will or whether the entire situation has to go through probate.
Does the estate of a decedent have to pay all outstanding debt such as medical bills utilities and insurance?
The estate is responsible for the debts of the decedent. The debts must be paid before any assets can be distributed to the heirs.
Who is responsible for a loan if both the borrower and guarantor have died?
The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.
Are pa siblings liable for burial costs?
If you mean your father's siblings, no. If you mean your siblings not necessarily. The estate should pay all outstanding debts before any inheritances are paid out. The executor named must perform these duties and provide proof of all expenditures.
What statement about corporations is not true?
their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts kking kkilla Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts
Is a boyfriend responsible for debts of his deceased girlfriend in California?
Legally you're not responsible for the debts of your girlfriend unless you entered into a contract to share them (e.g. a rental contract for an apartment you shared or a co-signator on a credit line). Her outstanding debts could be applied against her estate, so if you're a benefactor of her estate you'd be indirectly affected.
Who is responsible for expenses while a home is in probate?
The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.
