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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 a noncustodial parent owes 55000 in back support dies is that money still paid to the custodial parent the child is over 18?
Yes, if there's anything left in the estate after the higher priority creditors (if any) are paid.
A sibling dies who pays the medical bills?
Her estate is responsible for her debts. That means any property she owned at the time of her death should be paid over to her creditors. If there is no estate then the creditors are out of luck.
When a person dies can creditors get to 401K if a beneficiary has been designated?
no
When a parent dies and the estate has not posted notice to creditors can a child enter into legal agreements?
When a parent dies the estate must be probated in order for title to real property to pass to the heirs legally and for the court to appoint an Executor or Administrator. Only the court appointed fiduciary will have the authority to access accounts. Until the estate is probated there is no one authorized to enter legal agreements concerning the property. You should consult with an attorney who specializes in probate.
What happens to Parent PLUS loans if the parent dies?
If a parent with a Parent PLUS loan dies, the loan may be discharged, meaning the remaining balance may be forgiven.
When custodial parent dies does noncustodial parent get custody?
Yes, they do.
What happens to Parent PLUS loans when the parent dies?
When a parent with a Parent PLUS loan dies, the loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is lifted.
What happens to a Parent PLUS loan when the parent dies?
When a parent dies, a Parent PLUS loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is no longer passed on to the child or the deceased parent's estate.
What happens to a parent plus loan if the parent dies?
If a parent who has taken out a Parent PLUS loan dies, the loan may be discharged, meaning the remaining balance may be forgiven and the responsibility for repayment may be eliminated.
What happens in Ohio when the spouse's parents pass leave half interest to the spouse and then the spouse dies and other relatives are after the spouse's interest in the parent's estate?
You, and his descendants, should inherit his estate. His estate includes the inheritance from his parents. There should be no argument about it. Contact a knowledgable probate attorney for assistance.
Are children responsible for their parent's debts when the parent dies even if you are power of attorney?
No
