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Debt Responsibility

Questions relating to the responsibilities for debts left by an individual that has died.

1,506 Questions

Who is responsible for the phone bill of a deceased person?

Phone bills will the the responsibility of the estate. 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.

If the second mortgage foreclose who pays the first loan?

If the second mortgagee forecloses and takes possession of the property it must pay the first mortgage or if they sell to a third party that party takes the property subject to the first mortgage.

Does a widow have to pay her spouse's debt in Texas?

In Texas the debts of the deceased, including hospital bills, are the responsibility of the estate. The estate, or its beneficiary should reimburse any valid debtors before giving any of the assets away. If the estate has been closed, there should be no further claims. Consult a probate attorney in your jurisdiction for help.

What if deceased has no estate?

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Deceased parent still having medical bills come in At what point are you no longer responsible for paying for the bills My mom passed away in September 2007?

In most cases the debts of the deceased, including hospital bills, are the responsibility of the estate. The estate, or its beneficiary should reimburse any valid debtors before giving any of the assets away. If the estate has been closed, there should be no further claims. Consult a probate attorney in your jurisdiction for help.

What happens to the car when the co signer dies?

If a co signer of a car dies, the other person on the contract is still responsible for payment. The person who is deceased is no longer responsible for repayment.?æ

Is the beneficiary of an annuity responsible for paying the debts of the deceased?

No. The decedent's estate is responsible for paying the debts of the decedent. Generally, an annuity with a named beneficiary is not part of the probate assets much like life insurance payable to a named beneficiary. However, the recipient of an annuity should consult a professional regarding tax issues.

Who is responsible for your credit card debt after your death in Ontario?

I live in California, and my grandmother passed away and I contacted the credit card companies, told them she died, sent a death certificate, and they took care of the debt.

Can executor of a trust write checks to pay bills?

The executor is responsible for settling the estate. That will include writing checks to pay bills. In most cases they will create an estate account to handle these items and be able to provide a complete accounting to the court.

In the state of Florida are children responsible for the medical bills or a deceased parent when there is not money or an estate?

In Florida the children are not personally responsible for the debt. 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.

How do i handle Liens filed against a deceased persons estate?

That is one of the responsibilities of the Executor. They need to propose a solution to the probate court. In some cases the property must be sold and the liens settled. If the judge accepts it, the creditors will also have to accept it. The simplest way is to take the total dollars in the estate and divide it by the total debts owed. Then pay that much per dollar owed to each debtor.

If my husband died leaving a large some of pension would i have to pay any of his debt?

All legitimate debts of a deceased person are payable out of the deceased person's estate before heirs or other beneficiaries receive the inheritance. Therefore, yes, you may be required to pay your husband's debts out of the pension. Seek the advice of an experienced attorney in estate planning.

Are siblings responsible to creditors with a negative balance estate?

In most cases the debts of the deceased are the responsibility of the estate. Siblings are not responsible for the debts. Anyone that may have been a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.

In Florida what should a daughter do about credit card debt of a deceased parent?

Make sure the executor of the estate is aware of the debts. Those debts have to be resolved before there can be distribution of the estate.

How can you have a bank account frozen?

You can have a bank account frozen by going to an attorney or before a court of law and receiving a garnishment or judgment. If you receive a judgment, it is not enough, you have to have an order to freeze a bank account.

Who is responsible for deceased brothers debts?

When someone dies leaving debts they must be paid first out of the deceased estate and any monies owed to him collected before the remainder of the estate is divided between the heirs and beneficiaries. If there is not enough money in the estate to settle the debts then they "die" with the person.

If a dependent parent dies are the children responsible for the tax debt?

If a dependent parent dies then the estate will be responsible for their tax debt. If you are over their estate then you would have to ensure that the government gets their taxes.

What allows a rental agreement to be canceled?

Usually rental agreement has a cancellation clause that sets the term under which the rental agreement can be cancelled. It is common for them to require 30 days notice before vacating.

What happens if estate is never settled and person died intestate?

If a person dies intestate owning real estate an administration of the estate must be filed in order to vest title to the real estate in the heirs. Until that is done, the heirs don't legally own the property and it cannot be sold or mortgaged.

What do the initials P A stand for?

The initials PA can stand for several things. Among them are Physician Assistant, Port Arthur, Prince Albert, and it is an abbreviation for the state of Pennsylvania.

In Pennsylvania is a spouse liable for an ambulance charge when the result was death?

I have never heard of any ambulance sending a bill to a family when the patient did not get transported, nor any time a patient died en route. If the patient died while being transported, contact the ambulance company and ask what the heck they think they're doing when the standard of care nationwide is to not charge for patients who did no make it. The typical bill is for TRANSPORT SERVICES which includes a patient origin and destination. If the patient did not make it to the destination, there should be no charges. But, if the patient passed away at the hospital, how is this the fault of the ambulance?

Do you have to justify using money in your bank account?

You do not have to justify using money in your bank account unless you are in the middle of a bankruptcy and someone is overseeing what you are doing. There are few occasions where you have to divulge this type of information.

What are the responsibilities of a beneficiary?

A beneficiary has no responsibilities. They receive the benefit of the bequest or trust. They would be responsible for any tax consequences.

Can children collect on money that was owed to their parents that died?

If your parents have left a will then it is the responsibility of the executor of the will to pay all of the deceased persons debts and also to collect any monies owed to the deceased person.

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