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What else can I help you with?
Who is responsible to pay back debts?
The government is responsible to pay all back debts.
Who is responsible to pay back all debts?
The government is responsible to pay all back debts.
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.
Is a beneficiary responsible to pay debts?
No a beneficiary is not responsible. One of the primary reasons to open an estate is to resolve such 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.
Would your spouse be responsible for your business credit card debt if you were to die if she is not an account holder?
Your estate is responsible for your debts. If the business is owned by the deceased, the business is responsible. A spouse is not responsible, but the amount they inherit will be affected by the debts.
How do I protect myself from paying brother's debts after death?
You will never be responsible for his debts unless you co-signed on loans or debts. If you are the executor of his estate, then you must pay his debts out of the estate.
My brother dies in Texas and has no assets am I responsible for his credit cards and other personal debts?
Your brother's estate is responsible for payment of his debts. If there is no estate then his creditors are out of luck. You could send any bills back along with a copy of his death certificate.
Who is responsible for a loan if both the borrower and guarantor have died?
The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.The estates are responsible for the debts of the decedents.
Are you liable for debt after death of brother?
No you are not personally responsible for your brother's debt. One of the primary reasons to open an estate is to resolve such 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.
Is a sister responsible for bothers debt when he dies?
No the sister is not personally responsible for her brother's debt. 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.
What statement about corporations is not true?
their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts kking kkilla Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts Their shareholders are responsible for the corporation's actions and debts
Who is responsible for expenses while a home is in probate?
The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate.
Your sister committed suicide and made you executor she has debts are you responsible?
No. You are not personally responsible for your sister's debts. The estate is responsible for the debts of the decedent.
If a general partnership fail who is responsible for the debts?
All of the partners are responsible for the debts.
Who is responsible to pay back debts?
The government is responsible to pay all back debts.
Who is responsible for your mother's debts if she dies without a will in Texas?
The estate is responsible for the decedent's debts.
You signed your brothers death certificate and the lawyer said you are responsible for all his debts?
That doesn't sound right. Why would you sign a death certificate unless you are a doctor? You may have signed something that said you agree to be the executor of your brother's estate. In that case, you may be responsible for liquidating your brother's assets to pay his outstanding debts. But that would not require you to settle his debts from your own funds. You need some clarification from the lawyer, perhaps even a second opinion from another lawyer. Unless you were business partners, it does not make sense that you would agree to pay your dead brother's debts.
