Who pays nursing home when you die?
Normally any debts a person has when they die (such as outstanding fees to a nursing home) are paid out of the estate of the deceased person. If there is not enough money in the estate to meet all the debts then the people owed money get only a share of what there is. Relatives do not have to make up the difference unless THEY told the nursing home THEY would pay the nursing home costs (and signed a contract to this effect).
When someone dies is an estate resquired?
It will depend on the debts and assets of the deceased. It is normally a good idea to establish one in order to settle all debts and terminate them if possible.
What is the legal responsibility of an executor in NJ?
To inventory the estate, pay the debts and taxes and distribute the remainder. The distribution is according to the will or the laws of the state.
Does interest accrue on bequests not paid within one year of death?
This depends on what part of the world you live in. In the US, if you are part of the estate of a deceased person, depending on the type of debt, you may be liable to pay it off using any settlement from the estate.
Is a spouse responsible for deceased spouses medical bills?
No - a person's debts die with them. The spouse of a deceased person is not responsible fofr their outstanding bills.
Who is responsible for deceased fiances debt when owing a house together?
Since the couple were not married the surviving person is only responsible for joint debts only. The status of the home ownership depends upon how the property is titled and the terms of the mortgage agreement.
Are siblings responsible for deceased sibling's debt?
No, not unless they have signed a joint mortgage (you borrowed money jointly) with the deceased sibling.
A dead person's debts are settled out of the person's estate. If the estate does not have enough money to settle the debts then they "die" with the person.
Are adult children responsible for paying deceased parents medical bills in Florida?
The estate is responsible for the medical debts. The exception would be if the children were the insurance holder or co-signed the medical agreement.
Is a surviving spouse in Pennsylvania responsible for medical bills of the deceased spouse?
Only if that spouse signed an agreement with the providing agencies to do so. Pennsylvania is not a community property state and therefore debts (including medical costs) of one spouse is not automatically owed by the other.
However, that may not prevent a creditor from attempting to collect from the surviving spouse. He or she should obtain legal counsel if that should happen to be assured their rights are protected.
What disadvantage of buying insolvent estates?
An insolvent estate is one with no value to it. The debts are greater than the assets. Therefore, it does not make sense to purchase an insolvent estate.
Are you responsible for husbands debts after he dies in Pa?
The wife is not directly responsible unless she is on the contract. Most rules state that the spouse benefits from the debts and can be held responsible. The estate has to pay the debts before she can inherit anything.
Is a spouse responsible for the other spouse medical bills?
Yes, even if indirectly. If they are still living, yes, they are jointly responsible. Since they are married, any benefit to one is considered a benefit to the other.
If the spouse has passed away, the estate is responsible for the medical bills of the deceased. And since the spouse is normally the recipient of the estate, the bills will affect how much the spouse will inherit. Some of the assets, such as property held as Tenants in the Entirety, becomes the property of the spouse. Other assets may have to be liquidated to pay the bills, including medical expenses and funeral costs.
Is a wife responsible for her deceased husbands medical bills in Wisconsin?
No and Yes. The estate is responsible for the medical bills of the deceased. And since the spouse is normally the recipient of the estate, the bills will affect how much the spouse will inherit. Some of the assets, such as property held as Tenants in the Entirety, becomes the property of the spouse. Other assets may have to be liquidated to pay the bills, including medical expenses and funeral costs.
Is a wife liable for her husband's car loan if she does not sign the loan?
It depends on the laws in your jurisdiction. In the United States, both spouses are responsible for debts incurred by either spouse in a community property state. That isn't so in separate property states whereby a spouse is not responsible for a debt on a loan they didn't sign. There are also variations of those rules in different states. If you still have questions you should consult with an attorney in your jurisdiction.
It depends on the laws in your jurisdiction. In the United States, both spouses are responsible for debts incurred by either spouse in a community property state. That isn't so in separate property states whereby a spouse is not responsible for a debt on a loan they didn't sign. There are also variations of those rules in different states. If you still have questions you should consult with an attorney in your jurisdiction.
It depends on the laws in your jurisdiction. In the United States, both spouses are responsible for debts incurred by either spouse in a community property state. That isn't so in separate property states whereby a spouse is not responsible for a debt on a loan they didn't sign. There are also variations of those rules in different states. If you still have questions you should consult with an attorney in your jurisdiction.
It depends on the laws in your jurisdiction. In the United States, both spouses are responsible for debts incurred by either spouse in a community property state. That isn't so in separate property states whereby a spouse is not responsible for a debt on a loan they didn't sign. There are also variations of those rules in different states. If you still have questions you should consult with an attorney in your jurisdiction.
Who is responsible for credit card debt in KY after a spouses death?
For Kentucky the estate is responsible for the debts of the deceased. Only after they are resolved can the estate be closed any any remainder distributed.
Is the surviving spouse responsible for a deceased spouses medical bills in state of Alabama?
In every state, the estate is responsible for the debts of the deceased. Only after they are resolved can the estate be closed any remainder distributed.
Is wife responsible for credit card debt in husbands name in Canada if he dies?
The wife is not directly responsible unless she is on the contract. Most Canadian courts would rule that the spouse benefits from the debts and can be held responsible. The estate has to pay the debts before she can inherit anything.
How long after someone dies can bill collector demand money from an Estate in North Carolina?
As long as the estate is still open. And if the debtor wasn't notified, they may be able to re-open the estate.
Is the estate liable for the debt on a surviorship deed?
The estate is liable for the obligations of the deceased. They would have to settle the debts.
Is Surviving Spouse responsible for Medical Bills in the State of Ky?
In every state including Kentucky, the estate is responsible for the debts of the deceased. Only after they are resolved can the estate be closed any remainder distributed.
Are non-resident parents responsible for deceased son medical bills in Arizona?
In Arizona the estate is responsible for the medical bills of the deceased. Only after they are resolved can the estate be closed any remainder distributed.