The executor of the estate is responsible. They are required to file a tax return for the deceased. It may be a good idea to consult a tax attorney before doing this.
In most instances, yes, she will be responsible. It is assumed that she benefited from the assets, drove the car, used the mobile home, etc.
Can we as a family be held liable for our daughter's debt?
There are a number of factors involved. Typically the estate is responsible for paying the debts, including the funeral and medical bills of the deceased. If the daughter is a minor, or still listed on the parent's medical insurance, the parents can be held responsible. parents co-signed any paperwork regarding medical procedures, they may be held liable.
Is the surviving spouse responsible for the medical bills of a deceased spouse in Florida?
The fact that it is in Florida doesn't change the answer. The assumption is that the wife inherits at least half, if not all, of the husband's assets. But the estate has to liquidate all assets before they can transfer them to the spouse. One way or another, the spouse ends up paying the debt. The spouse has some right in all real property owned by the husband. If the assets are not enough to cover the debt, the real property may have a lien placed against it to cover those debts.
Do you have to pay a personal loan off if the person dies?
The estate of the person who dies is responsible for paying off the debt.
Who is responsible for credit card debt when there is no estate?
Generally a person's estate is responsible for the decedent's debts. If there is no estate the creditors are out of luck. They should be notified of the death.
What happens if you die and owe the IRS money?
One of the primary reasons to open an estate is to resolve such issues, including taxes. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Can you place a lien against an executor of an estate in which they owe money to you?
If you are owed money by the decedent you must file a claim with the court during the time period allowed for claims by creditors.
If there is money in estate do you still have to pay credit card balance?
Yes, the estate has to pay off the debts including credit cards. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Is the daughter of deceased father liable for his debt in Texas?
The estate of the deceased is liable. If you inherit any money, property or valuables these should have been used to settle the estate. If there was no estate then you will need to show this to the IRS.
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.
How do you get reimbursed from an estate for funeral expenses?
sell the estate cover the expenses then buy it back with a parcial loan
Can a credit card company collect from family members of a deceased person?
You are dealing with contract law, and I'm not aware of any credit card agreement, where in the fine print it would state such a inclusion, nor retain any validnesss even if it were. You can't assign credit card debt, or the obligation to a innocent third party, who never agreed to such a agreement in the first place, unless they were a co-signer on the account. Now I know of a party who had this happen to them, when a family member died, the credit card company tried to collect from the family. There is no law that prevents them from asking, nor any law that prevents a family member from opting to pay, but you could never be forced to become a part of the Credit Card agreement, unless you opted to do so, providing you were not a co-signer in the first place.
Can a credit card company collect from a deceased persons parents?
Not unless they were guarantors of the debt.
Many people are in debt all over the world, which country would you like the answer to be on?
What if the executer has no money to pay deceased debts before the estate is settled?
It would depend on the debts, example if a credit card debt. Why would you pay it. If it where a car it could get repo'd. In my fathers estate we did not pay any credit card debts we just sent them a copy of death certificate. And the banks worked with us on a car we needed to sell for the estate. You will find lenders do have a heart when it comes to these matters.
Can a person bury a deceased family member on their own property?
The laws vary from place to place. Burial is usually restricted by various health regulations. Zoning is also a factor in some areas. You will have to check with your local government entity to find out what applies.
Are children in North Carolina required to pay deceased parents bills?
There are a number of factors involved. Typically the estate is responsible for paying the debts, including funeral costs. If a child or relative has co-signed any paperwork regarding the funeral, they may be held liable.
Are you responsible for your spouses medical bills in Oregon?
Oregon is not a community property state. Therefore the surviving spouse is only responsible for the deceased spouse's medical bills if he or she entered into a financial agreement with the attending hospital and/or physicians or other such agencies.
If the person dies with a judgment against him are his heirs responsible for the debt?
It will come from the deceased person's estate.
Am I responsibile for debts after the death of my spouse in Florida?
Florida is a Tenancy By The Entirety state when matters relate to married couples. That being the case, a surviving spouse is only responsible for those debts that were jointly incurred during the marriage. If the surviving spouse wishes to retain the home and there is a mortgage, he or she would need to renegotiate the terms with the lender if he or she was not on the lending agreement, the same applies to a vehicle(s).
How long after a person dies does their last will and testament continue for?
A will is effective as long as it is not revoked by the maker. However, it does not take effect until it has been filed in probate court, allowed and an executor appointed. In the case of a very old will being found there may be a problem with the witnesses not being available to testify as to its veracity and property of the deceased having already been distributed as intestate property. The will may not be allowed. If that is the case you should seek the advice of an attorney.