The estate has the responsibility. One of the primary reasons someone should open an estate is to resolve 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.
Well, it depends.....................
ID SAY THE SPOUSE IS RESPONSIBLE FOR THE DEBT
The person who the will go with.
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.
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.
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.
No, Tennessee is not a community property state. Married couples living in non community property states are not responsible for debts incurred solely by either spouse.
Your estate is responsible. Other card holders on the account have a responsibility as well.
no.
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.
Your mother's estate is responsible for her credit card debt.
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.