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What else can I help you with?
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.
Does a daughter need to pay off a deceased mothers credit card debt?
It depends on the country you are in, but in the UK, the first claim on the estate is the revenue (ie tax), then debtors - which would include the credit card debt. That should be paid out of the estate of the deceased.
In fl is a wife responsible foir a deceased husbands mortgage debt?
I'm not trying to be funny, but if you were married (legally) to him at the time of death, yes - who else would be responsible for it?
Is a surviving spouse who did not sign responsible for a loan the deceased cosigned?
The spouse would only be responsible if they lived in a community property state. Even then it is doubtful the contract would be valid if there were an attempt to collect the debt.
Who is responsible for your spouse's credit card debt?
depending on who was using the card, that's who's fault it would be... I'm going to assume since it was your spouse's credit card, that your spouse is then responsible for it.
When a widowed parent dies in California are the children responsible for the debt owed by deceased parent for loans credit cards taxes etc?
When someone dies in CA the relatives of that person are NOT responsible for the debts owed by that person. The credit cards and loans would like you to think you owe the money, but you don't.
Would a parent be responsible for their deceased adult childs debt in NY state?
NO
Is child liable for a deceased parent's debt?
As long as the child is not a cosigner on the debt, the child is not responsible for parent's debt. The parent's estate would be responsible for the debt. Technically this could reduce the inheritance the child receives, but it is not the responsibility of the child.
In Ky is the surviving child responsible for deceased parent medical bill?
No they are not personally responsible for the medical bill. 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.
What Massachusetts law describes who is responsible for a deceased persons credit card debt?
The probate code would explain the process for closing an estate.
If a parent passed away and their child was an authorize user on their credit card who is responsible for the debt?
It would depend on the age of the child.
Are adult children responsible for taxes owed to the federal govt or state by a deceased parent who had no estate?
The debts of the deceased are the responsibility of the estate and that would include taxes. 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.
Are children responsible for medical bills of a deceased parent when there is an estate or will?
Children are not responsible for the debts of their parents. The estate must settle the debts. The exception would be if a child signed any paperwork gaurenteeing the medical costs.
What if person uses deceased persons credit cards?
The use of a deceased person's credit card would constitute credit card fraud. Unlawful use of a credit card is a criminal offense.
What happens if your father dies your parents are divorced and he just purchased a travel trailer and still owes on it... are we responsible for it?
When a parent dies, a minor child is not held responsible for the payments of a purchased item. If the item was purchased after a divorce has become final, the ex spouse is not responsible for the purchase either.
How do you go about cancelling a deceased persons credit cards?
A good place to start would be to contact the credit reporting agencies and request a copy of the deceased's credit report to notify the creditors.
