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Is an adult child of a deceased parent responsible for foreclosure debts?

Not unless they were listed on the deed of the property that was foreclosed. The estate is responsible for settling the debts.


What happens when you do not have a will?

The jurisdiction will probably have an intestacy law. That specifies how the estate will be distributed if there is anything remaining after settling debts.


How can I get myself out of debt?

Start paying off your debts as much as you can by settling debts starting from the highest interest rate to lowest interest rate. If your debts are overwhelming, I suggest you consult a debt counselor and/or work overtime/extra to become debt free faster.


Is it the legal responsibility of an executor to pay all debts of an estate from money in accounts and life insurance prior to settling will?

Yes, that is the executor's responsibility. He has the responsibility to resolve the debts. If the assets are not adequate to resolve them, they have to be written off.


Why must the government enforce the value of fiat money by requiring its use for settling private debts in court for transactions with the government?

To keep it safe.


Can the executor of the estate chose what gets sold and what doesn't without asking beneficiaries if they want it?

The executor has a great deal of leeway in settling all debts. He has to come up with assets to clean up the debts before distribution.


If Mother dies and leaves a will with house mortgaged and hospital bills to 3 kids are they responsible to pay?

The mother's estate is responsible for settling all debts. The house will likely have to be sold and the proceeds used to pay the hospital bills.


Where might one find more information concerning credit settlement?

There are numerous websites where one could find more information about settling one's debts. Consumer.ftc, Credit, and No More Debts are just a few of those sites.


Scores Credit: How To Improve Your Beacon Score With Ease?

Scores credit is a very serious subject that should not be taken lightly. It is virtually impossible to get exceptional terms on loans if you have a low credit score. This is the primary reason why one should take measures that will help them maintain or improve their credit score. Settling old debts with creditors is a simple way of removing negative information from your credit file. Many creditors will be open to wiping out your debts by settling for nearly half of the original amount owed. Settling old debts can increase scores credit within a matter of weeks.


What tasks do executors do when settling an estate?

The first duty is to inventory the estate and value it. Then they have to settle all debts and pay all taxes. Then they distribute the remainder.


Can the inheritors force the executor to sell assets?

No, they cannot force the executor to sell assets. The executor is responsible for closing out the estate and settling debts. Then the distribute the assets.


What instruments are used in Tasmania?

As Tasmania is one of Australia's states, the instruments used there will be the same as the instruments used throughout Australia. there is a great variety of westernised instruments, as well as instruments from other cultures.