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What else can I help you with?
Who is responsible for a persons debt after death?
The person who the will go with.
If both parents die who is responsible for the debt?
The estate.
Are persons 65 years of age and older responsible for the debt on their credit cards?
Yes they're old not dead.
Is the estate responsible for the persons debt after they pass away?
Yes. The estate is responsible for the debts of the decedent. Those debts must be paid before any assets are distributed to the heirs.
Is my common law patner responsible for my debt?
Typically, in Alberta anyway, whether married or common-law, unless both persons' names are on the debt - i.e. joint mortgage, joint line of credit, joint credit card, etc. - the other party is NOT responsible for all or even half of the debt.
What Massachusetts law describes who is responsible for a deceased persons credit card debt?
The probate code would explain the process for closing an estate.
Is a surviving spouse responsible for a deceased spouses medical bills in the state of Georgia?
YES, if you die, then the next of kin is responsible for your debt.
Does your credit card debt die with you?
No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.
Does credit card debt die with you?
No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.
If you die before your debt is paid does your estate pay it?
Yes. Your estate is responsible for your debts after your death.
My Step-father died am i responsible for his debt?
No, you are not responsible for his debt. His estate has that responsibility.
Who is responsible for marital debt?
Both of the spouses are responsible for the debt. They both benefited from the debt, so they are held responsibility.
