0
What else can I help you with?
Parents estate is left to child does child pay parents debts?
The estate is responsible for paying off any debts. However, in most cases if the debts exceed the value of the estate, the child is not required to pay the difference. This may not keep the collectors from trying.
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 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.
Is child responsible for debts of parents bankruptcy?
No, not unless the child was a co-signer and agreed to be responsible for payment of the debt.
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.
Can an adult child inherit a parents debt if there are no assets?
The estate will be responsible for the debts. A child is not responsible unless they co-signed for it.
Are parents responsible for debts of a single adult child after death?
The decedent's estate is responsible for the debts of the decedent.
Are the parents of a deceased adult child with no estate responsible for unpaid medical bills?
It is not the parents, but the estate that is responsible for any remaining debts. That will include medical bills. If there is not enough in the estate to cover them, someone will not get paid.
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.
If both parents dies and wills the adult child the house and land what bills are you responsible for Is the adult child responsible for medical credit cards etc. bills?
The child is not responsible. 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.
If a child dies with no will do parents and siblings share equally in the estate?
Unless the "child" is an adult there generally is no estate. If they are an adult the relative nearest to them inherits For instance, my estate would go to my mother since she is my nearest living relative.
Is child responsible for parents credit card debt after death?
I think that would be paid out of the estate and not by the child.
What is the law in Ohio on how old a child has to be to move out and the parents not be responsible for the child?
The law say until they are an adult, the parents are responsible. That would be 18 years old.
What rights do adult children have to a parents estate if they are estranged from their parents?
That depends on the State the will is probated in. For instance, in New Jersey, an adult child has no rights to a parents estate if he was not mentioned in the will. The parent has the right to give his possessions to a charity if he wishes to do so.
Is a parent responsible for adult chid's funeral expense?
Not if that child is married then yes the parents would be responsible.
Can parents be responsible in case of accident for dsiabled adult child with own car and insurance?
Sometimes, but the an adult child has their own life now, right? The parents aren't really responsible. They probaly did there best to grow their disabled child as best they could.
Is a surviving parent responsible for deceased adult child's debt in CA?
In California the estate will be responsible for the debts of the deceased. Only after they are resolved can the estate be closed and any remainder distributed.
