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No, the bank will force the sale of the home in order to recover the debt. If this is only a portion of the debt, the remains of the proceeds will go to the next of kin.

This is why it is always a good idea to have life insurance.

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14y ago

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What is a homestead exemption in Texas?

No, the Texas Homestead Exemption cannot be waived as it is a constitutional right. The only ways to lose the exemption are death, abandonment of the property, establishing another homestead, or sale/transfer of the property.


Do credit card bills have to be repaid after death under the Florida homestead law?

The homestead exemption has not correlation to the repayment of debt. The homestead exemption is for the purpose of protecting a primary residence from creditor attachement by means of a lawsuit judgment. Debts of the deceased should be entered into probate procedure along with all non exempt assets and property, all of such will be handled according to the state probate laws.


What creditors must be notified after a death?

All creditors must be notified.


Is there a form letter to send to creditors after the death of a family member who is not married and has no assets?

contact an attorney


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.


Is there a newspaper ad to notify creditors of death?

The executor is required to notify all creditors. Placing an ad is one way that the legal requirements can be met. If there are known creditors, hospitals, credit cards, etc. they must be notified personally. Consult an attorney in your province for more details and specifics.


Who is liable for your mothers hospital bills if there is no will?

Your mother's estate is responsible for her debts. If she owned any assets then her estate must be probated to give her creditors the opportunity to make claims. If she had no assets then you should notify her creditors of her death by sending a copy of the death certificate with the bill to the billing office.


Is a will private after death?

No. The will must be delivered to the probate court and accepted, at which time it becomes a public record. The creditors get to be informed.


Your mother died with no estate and all debts were closed What happens if she had a pending lawsuit that was settled a year after her death Can creditors still collect on the settlement money?

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Who is responsible for deceased fathers unpaid medical bills?

Unless he had insurance to cover bills in the case of his death, the creditors will be looking to the heirs of his estate to pay them. The issue will more than likely be presented by his creditors in the Probate court.


Can family members call to notify creditors of a death even if he has a wife?

Yes, family members can call. You must be able to verify account details though. And you will be required to send a death certificate as proof of death.


What happens with your debt if you die and have no relatives?

Your creditors are entitled to be paid from any assets you have at the time of your death. Generally, if you have no assets they are out of luck.