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To determine the debts of a deceased person, you typically need to gather their financial records, such as bank statements, credit card statements, and loan documents. You may also need to contact creditors and review any outstanding bills or obligations in their name. Additionally, you may need to consult with a probate attorney or the executor of the deceased person's estate to ensure all debts are properly addressed and paid off.
What else can I help you with?
If your spouse leave you executor and benificary will you inherit everything that he owned?
The exector has a duty to execute the will. One of the first things is to value the estate and determine what the debts of the deceased are. Once the debts of the deceased are discharged, the remainder will go to the sole beneficiary.
Can you be responsible for your deceased father's business debt?
Not unless you were a part owner or in some way connected with the deceased person's business or personal debts.
What happens when money is left in a estate and that person is deceased?
The person would have to be deceased in order for the estate to be distributed. If the person left a Will then the terms of such would apply after any debts and taxes have been paid. If the person died intestate (without a will) the state probate succession laws apply.
Is an estate liable to pay 40000 in credit card debt of widowed mother?
The distribution of funds for debts of a deceased person is determined by state law. The assets, debts and will, if any,is filed in probate. Creditors have a specified time to file claims against the estate for outstanding debts. The court will then determine which assets are exempt and which can be used to pay creditors. State laws pertaining to probate procedures vary greatly. It is not possible to be more specific w/o knowing the deceased resident state.
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.
What are the UK laws regarding the debts of a deceased person Who pays them off?
The estate of the deceased is responsible for paying all the deceased's lawful debts.
Is a spouse responsible for deceased spouses medical bills?
No - a person's debts die with them. The spouse of a deceased person is not responsible fofr their outstanding bills.
When a person dies is the remaining daughter responsible for the debt of credit cards?
No. The deceased person's estate is liable for any of the debts of that person, but heirs are not liable for debts if the assets in the estate are not enough to cover the debts.
Are siblings responsible for deceased sibling's debt?
No, not unless they have signed a joint mortgage (you borrowed money jointly) with the deceased sibling.A dead person's debts are settled out of the person's estate. If the estate does not have enough money to settle the debts then they "die" with the person.
Can a fiancee inherit debt of the deceased?
That depends on the nature of the debts- whether they are joint debts. If they are solely debts of the decedent then his estate is responsible. You should speak with an attorney to determine your rights and obligations.
If your spouse leave you executor and benificary will you inherit everything that he owned?
The exector has a duty to execute the will. One of the first things is to value the estate and determine what the debts of the deceased are. Once the debts of the deceased are discharged, the remainder will go to the sole beneficiary.
Can you be responsible for your deceased father's business debt?
Not unless you were a part owner or in some way connected with the deceased person's business or personal debts.
Is the beneficiary of a life insurance policy responsible for funeral expenses of the deceased?
No. All monies of a deceased is gathered in to their estate, then all debts of the deceased are paid, then legacies are paid out. Policies payable to a person are payable to that person.
How can I go about creating an estate for a deceased person?
To create an estate for a deceased person, you will need to follow these steps: Obtain the death certificate of the deceased person. Identify and gather all assets and liabilities of the deceased person. Hire an estate attorney to assist with the legal process. File a petition in probate court to open the estate. Notify creditors and beneficiaries of the estate. Pay off debts and distribute assets according to the deceased person's will or state laws if there is no will. Close the estate once all debts are settled and assets are distributed.
What is an apprisal?
An appriser is a person who carries out an apprising - the appraisal of the value of goods in order to pay the debts of a deceased person.
Do the children have to pay the debts of their deceased parents?
If you were not a joint debtor you are not responsible for repayment of deceased parent(s) debts.
What does a probate lawyer do first when handling an estate?
A probate lawyer typically starts by reviewing the deceased person's will, if there is one, to determine who the beneficiaries are and what assets are involved. They also identify and notify potential heirs, gather documentation of the deceased person's assets and debts, and submit the will for probate if necessary.
