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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.
Is a surviving parent responsible for deceased adult child's debt?
ONLY if the Parent Co-Signed for the Debt. Otherwise NO.
Is it illegal to send a statement to a minor?
A minor child can not enter into a contractual agreement of any kind and is not responsible for debt. A minor child under the age of 15 must have a bank statement or any other statement sent in care of the parent.
Are you responsible for your parent debt?
Only if you are a named joint debtor.
If a dependent parent dies are the children responsible for the tax debt?
If a dependent parent dies then the estate will be responsible for their tax debt. If you are over their estate then you would have to ensure that the government gets their taxes.
Are minor heirs responsible for debt after death?
Heirs are not responsible for any debt. The debt is the responsibility of the estate. If there are not adequate assets, the debtors don't get paid and the heirs will not receive anything.
If a 16 year old is legally married in the state of Tennessee incurs debt who is responsible for that debt the spouse or the parent of that 16 year old child?
ID SAY THE SPOUSE IS RESPONSIBLE FOR THE DEBT
Is the estate responsible for gambling debt incurred by a parent?
The decedent's estate is responsible for any debts incurred by the decedent.
If a parent owes credit card debt are the children responsible after the parent is deceased?
If they are not an account holder they are not responsible for the debt. All debts and assets and wills are handled in accordance with the state probate laws in which the deceased lived and/or owned property.
When a parent dies are their children responsible for their debt?
Normally the estate has that responsibility. If the children co-signed, they can be held personally responsible.
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.
