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Who is responsible for credit card debt after death in Louisiana?
The debts are paid from the deceased's estate, before the heirs inherit what's left (if anything). Debt is not inheritable though, so if the estate isn't enough, the heirs are not responsible for the remainder.
Who is responsible for a persons debt after death?
The person who the will go with.
Are minor heirs responsible for debt after death?
Heirs are not responsible for any debt. The debt is the responsibility of the estate. If there are not adequate assets, the debtors don't get paid and the heirs will not receive anything.
If you live in Louisiana is a wife responsible for the credit card debt of her deceased spouse when the account was in his name only?
No... No...
Who is responsible for School debt after death?
The borrower, i.e., the person who signed the note, is responsible for payment. If the borrower has died their estate is responsible. If there is no estate the creditor is out of luck. If there was a co-signer then they will be held responsible for paying the debt.
Who is responsible for credit card debt after death in the state of Illinois?
Actually, the answer is the credit card holder is responsible for the debt if single, otherwise the spouse may be responsible for a partners debts. If it was made while they were married, otherwise, the bank can't collect the debt.
IN LA if your spouse dies and no will and leaves credit card debt with cards in her name only are you responsible to pay that debt?
While the estate has primary responsibility in Louisiana, in most cases they will be held responsible. They are deemed to have benefited from to goods and services.
Who is responsible for your card debt in England upon your death?
Your estate is responsible. Other card holders on the account have a responsibility as well.
Is spouse responsible for medical debt after spouse's death if bills were incurred prior to marriage?
no.
Are children responsible for parent debt after their death in VA?
The child is not responsible for the debts of the parents. The estate has to resolve all of these before they can close it out.
Would my mother's children be liable for any credit card debt she had at the time of her death?
Your mother's estate is responsible for her credit card debt.
I am in Oregon my Dad has died I am 23 and do not know what to do about his credit card debt Am I responsible I am in Oregon.?
AnswerNo, you need to send a copy of the death certificate to the credit card company. You are not responsible for your father's debt.
