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You are the successor trustee of your deceased mother's estate in California Are you responsible for her credit card debt?
No, you are not PERSONALLY liable for your mother's debts. Debts of the deceased are paid from the estate, so as the Trustee for that estate, you would have to see that the debts are paid from the estate. Creditors must file a claim against the estate to be paid, and state laws dictate the time limit for filing such claims.
Is there a time limit the executor must disperse funds from an estate?
There is no time limit to settle an estate. It can be very complicated and take many years to resolve and settle.
Is there a limit to how long a creditor can try to collect a debt in England?
it was that if the creditor had not tried to collect within 7 years it was expired
What is the time limit to collect unpaid bill?
The time limit to collect an unpaid bill depends on the kind of the bill it is and what state you are in. In most cases the bill can be collected forever, but you cannot pursue legal action beyond 7 years.
Can I work and collect Social Security at 62?
Yes, you can work and collect Social Security at 62, but your benefits may be reduced if you earn over a certain limit.
Is there a time limit for creditors to collect a debt from a deceased in Ohio?
Yes, after the estate has been probated, the time has expired.
Is there a time limit for creditors to collect a debt from a deceased in Pennsylvania?
no there is no limit
What is the time limit to pay estate taxes after someone dying?
The estate has to file a tax return each year. The taxes are due before the estate can be closed.
Is there a time limit for settling an estate in Ohio?
No, there is no limit to settle an estate. It can take many years for a complex estate.
You are the successor trustee of your deceased mother's estate in California Are you responsible for her credit card debt?
No, you are not PERSONALLY liable for your mother's debts. Debts of the deceased are paid from the estate, so as the Trustee for that estate, you would have to see that the debts are paid from the estate. Creditors must file a claim against the estate to be paid, and state laws dictate the time limit for filing such claims.
Is there a time limit to make a claim against the estate of a deceased person?
Yes. The period varies in every state. You need to check the laws of your state to determine the length of time provided to creditors in your jurisdiction.
If someone owes child support and then passes away what happens to the debt?
A lien can be applied to his estate, and in some states, against the estates of the paternal grandparents to limit the distribution of the obligors share of the estate.
After bankrupty What is the time limit for creditor to collect assets?
Assuming a Chapter 7 in which a secured debt is not being reaffirmed, the debtor should act promptly to transfer the asset to the creditor.Other, non-exempt, assets are collected and sold by the trustee, not the creditors, and the trustee then takes his fee and distributes whatever may be left pro rata to the unsecured creditors.
How long can an estate be open?
There is no upper limit. A complex estate can take decades to close out.
Is there a time limit the executor must disperse funds from an estate?
There is no time limit to settle an estate. It can be very complicated and take many years to resolve and settle.
Is there a time limit for a credit card company to file a claim against an estate in Texas once a public notice has been posted?
A public notice does not, under Texas statutes suffice as adequate notification to creditors. They are to be notified by the executor within four months of the probate filing they then have six months to file a claim against the deceased's estate.
Is there a time limit to settle an estate in South Dakota?
There is no specific time limit to settle an estate in South Dakota, but generally, the process can take around six months to a year or longer depending on the complexity of the estate. Executors are expected to settle the estate in a timely manner but may request an extension if necessary.
