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Are parents responsible for outstanding student loan of deceased adult child?
yes due to the fact that they are your parents but sometimes depending if child has life insur. they sometimes do not have to pay.
Would a parent be responsible for credit card debt of their deceased adult child?
Generally no, unless they were a co-signer on the account.
Is an adult child of a deceased parent responsible for foreclosure debts?
Not unless they were listed on the deed of the property that was foreclosed. The estate is responsible for settling the debts.
Are adult children liable for parents mortgage debt?
No, not as long as they didn't co-sign the mortgage. However, if the parents have died and their property is subject to a mortgage the lender will foreclose on the property if the mortgage isn't paid. If the heirs want to keep or sell the property they must keep the mortgage payments current.
Are parents allowed to take your money without your permission?
No, parents are not allowed to take your money without your permission once you are legally an adult.
Are adult children responsible for paying foreclosure debts of deceased parents?
They are not directly required to pay any debts. If you are the executor of the estate, yes, if there are assets to pay them with. If the debts exceed the assets, there are some people who will not get paid, including the beneficiaries.
Are adult children responsible for paying deceased parents real estate taxes?
No, the estate is responsible for the medical bills of the deceased. Only after they are resolved can the estate be closed any remainder distributed.
Is an adult child responsible deceased parents credit card bills in Illinois?
In Illinois, adult children are generally not responsible for their deceased parents' credit card bills unless they were joint account holders or co-signers on the accounts. The deceased's estate is responsible for settling any debts, including credit card bills, before any assets are distributed to heirs. If the estate lacks sufficient funds, the debts may go unpaid, and creditors typically cannot pursue the adult children for those debts. It’s advisable for adult children to consult with a probate attorney for guidance specific to their situation.
Are adult children responsible for paying deceased parents medical bills in Florida?
The estate is responsible for the medical debts. The exception would be if the children were the insurance holder or co-signed the medical agreement.
Are adult children responsible for deceased parents nursing home debts when they are broke?
Generally, a parent's estate is responsible, the children are not--even when the children are not broke--, unless the children have committed themselves to pay for the obligation in some other way.
Why do adult children void parent?
adult children's avoid parents because of the mostly parents interface there lives
Who is your next of kin if you dont have adult children?
Your spouse is your next of kin if you are married. If you have no spouse and no children then your parents and siblings are your next of kin. Which is first depends on the law where you live.It depends on state law; however, generally the deceased person's spouse (through marriage) would be next-of-kin.If the deceased person is not married, it would generally be his/her parents.
Are the parents of a deceased adult child with no estate responsible for paying unpaid debt?
No, if they were not joint debtor's with the deceased they are not responsible for any of his or her debts.
Are adult children responsible for their deceased parents debt in Oregon?
Typically they shouldn't be. The debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.
What is the parent's responsibility for medical bills for adult children?
Parents shouldn't be responsible for adult children.
Is there counseling for the parents of drug addicted adult children that refuse help.?
Is there counseling for the parents of drug addicted, adult children that refuse help?
Are adult children responsible for deceased parents debt in Minnesota?
Not unless they co-signed for the debt. The estate is responsible for any remaining debts. If there is not enough in the estate to cover them, someone will not get paid.
