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How is the death of a single parent handled when there is no will no assets no inheritance and no estate?
Obtain a certified copy of the death certificate from the Town Clerk where the person died. Keep the original, make several copies and send a copy to any creditors whose bills you receive. They may ask for a certified copy but since they are costly try to get by with a copy of the original the first time you send one out.
What else can I help you with?
Is an estate necessary for an indigent parent?
If by indigent you mean completely without assets, then no, an estate is not necessary. An estate is necessary if a decedent has assets that are to be transferred to another person, whether by will or intestacy. In fact, since a decedent's "estate" consist of his/her assets nd if there are no assets, there is no "estate."
How do you sell stock of deceased parent?
The executor of the estate is able to sell assets of the estate.
Can you take a sibling to court over a deceased parents estate?
Yes, siblings can take each other to court over a deceased parent's estate if there are disputes or disagreements regarding the distribution of assets or inheritance outlined in the parent's will. Legal guidance and representation may be necessary to navigate the probate process or any disputes that arise.
When a parent dies are family responsible for their depts?
The parent's estate will be responsible. If there are not enough assets, the debts may not get paid.
Can you get an inheritance if you owe child support?
A lien can be placed on an inheritance for child support arrears. If the custodial parent knows of your pending inheritance a claim can be filed in the estate and the executor must pay it out of your inheritance.
Who is responsible for a deceased parent's bank loans?
The parent's estate is responsible for the loans. If there are no cash assets to pay the loans the lenders will take the property such as real estate or a vehicle.
When a parent dies are the children held responsible for any debt left?
The parent's estate is responsible for their debts. If there is no estate the creditors are out of luck. However, if the parent left any assets, the estate must be probated in order to give creditors an opportunity to file a claim.
If you borrowed money from a parent in Georgia by law can they require you to repay it to their estate or have it deducted from your inheritance?
Yes, it can be considered a draw against the estate and the estate has the right to ask for the money back.
When a parent dies are children responsible for a debt they still owe to the parent?
They still owe the money to the estate. The executor may offset their inheritance by that amount.
Can a child claim an inheritance if no will was made?
It is normal for a child to inherit from a parent. A minor will get a share of the estate in the probate process.
If you owe your parents money but mom died and dad is in a nursing home can you just have the money subtracted from your inheritance or must you pay it to the estate now?
The specifics will depend on the executor of the estate. If when the parent's die there are not adequate assets to settle the debts, the loan will probably have to be repaid. If there is enough to cover the debts, the loan can be subtracted from the bequest.
Is a deceased parent's assets considered an estate or does he have to open one?
It is an estate, but it isn't a legal entity until it has been registered with the court and an executor appointed.
