Are adults responsible for adult childrens debt?

Answer 1

The estate has to stand good for the debts of parents when they pass. In no way shape or form are you liable for their debt unless you cosigned on something with them. If mom and dad pass away and they dont own a house or a bank account or anything then the debts just do not get paid. Now if they do have money in a checking account and other assets then the assets will be sold to settle the debts. Do not let the debt collectors lie to you. Check out the Federal trade commissions website. Debt collectors will break laws all day to get someone to pay for a bill that is not even their responsiblity.

Now if you were asking this as a moral question then I would still say no.

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Answer 2

Sometimes, but in the case of adult children, parents should teach them how to take responsibility for their mistakes.

Answer 3

No, unless they co-signed the agreement with their child. Once a child reaches adulthood, parents have no legal responsibility to their children. You may wish to consult an attorney.