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In New Jersey the debts of the deceased are the responsibility of the estate. However, if one of the children was also a co-signer on any of the agreements they might also be responsible. Consult a probate attorney in your jurisdiction for help.
What else can I help you with?
Are adult children responsible for a parent's nursing home debt in Pennsylvania?
In most cases the debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney that knows the Pennsylvania probate laws for help.
Are parents responsible for debt of adult child?
In general, parents are not responsible for the debts of their adult child unless they have co-signed for the debt or are legally obligated to cover the expenses. However, some exceptions may apply depending on the circumstances and applicable laws. It's recommended to seek legal advice for specific cases.
Who is responsible for your parent's credit card debts if they are in an assisted living facility and there is no money to pay the debts?
The credit card holder is responsible for the debt. If it is the parent, they are the ones that should pay it. If it is you, you should pay it. If there is no money, you may have to declare bankruptcy. The account holder is responsible for the debt. Social Security and most private pensions are exempt from creditor attachment. It may be that they are "judgment proof" meaning that he or she (they) do not have assets or property that can be attached by a judgment creditor. The best option is for the person to consult with an attorney who is qualified in debtor-creditor or elder law before they consider any other action especially bankruptcy.
Are you responsible for the debt of an adult child living in your home?
Generally, you are not automatically responsible for the debts of an adult child living in your home unless you have co-signed or guaranteed the debt. Each situation can vary depending on factors such as state laws and specific circumstances, so it's best to consult with a legal professional for personalized advice.
Who is responsible for grandmother's credit card debt?
The responsibility for your grandmother's credit card debt typically falls on her estate after she passes away. If there are insufficient funds in the estate to cover the debt, the creditors may not be able to collect. It's advised to consult with a legal professional to understand the specific implications in this situation.
Are children responsible for parents debt in Maryland?
Not unless said children have made a written or verbal agreement with whomever holds the debt to repay monies owed.
Are children responsible for parent debt after their death in VA?
The child is not responsible for the debts of the parents. The estate has to resolve all of these before they can close it out.
Are adult children responsible for deceased parents debt in Minnesota?
Not unless they co-signed for the debt. The estate is responsible for any remaining debts. If there is not enough in the estate to cover them, someone will not get paid.
Are the children responsible for burial and debt for parents in Texas?
The children are not directly responsible for burial costs and debts in Texas. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.
Are surviving children in Pennsylvania responsible for paying the mortgage debt of deceased parents?
The children are not directly responsible in Pennsylvania. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.
Are adult children responsible for a parent's nursing home debt in Pennsylvania?
In most cases the debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney that knows the Pennsylvania probate laws for help.
Are adult children liable for the debt if a parent files for bankruptcy?
No, if the adult children are not joint debtors they are not responsible for their parents debts. If they are joint debtors the parents' debts could be discharged in BK leaving the adult children who were not a part of the BK procedure open to the recovery of the debt(s) by creditors.
Do parents get into debt?
Yes, parents often go into debt. It is expensive to raise children.
Can a grandchild be responsible for debt of nursing home?
No, unless the granchild guaranteed the nursing home bills. Otherwise, grandpa, or grandpa's estate would be solely responsible for the bills.
Do you assume child support debt if you marry someone who is paying in New Mexico?
No. Only biological parents or adopting parents are responsible for the financial support of minor children.
If both parents die who is responsible for the debt?
The estate.
Do children become responsible for deceased parents debt in Connecticut?
In Connecticut and other states, the children are not personally responsible for the bills, unless they co-signed them. However, the estate is responsible. Which means that the estate may be depleted and a lien placed on the house. The children may not inherit anything.
