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Debt Responsibility
Questions relating to the responsibilities for debts left by an individual that has died.
1,506 Questions
Only if the surviving spouse entered into a repayment agreement with the medical providers.
Is wife responsible for dead husband medical bills in South Carolina?
The spouse is not directly responsible, unless they have co-signed for the services. The estate is responsible for settling all medical bills in South Carolina. So before the spouse can inherit anything, the estate has to pay the bills.
Are children responsible for maintaining deceased parents property?
If they inherited the property then they have a stack in the property and responsibility to uphold the standards of the community;Howerver, if they are not the property owners and have no interest in the property then, I would say they should not be held responsible.
What do I do to get out of my credit card debt?
In order to get out of your credit card debt you must start to pay off your debt and this can be acheived by budgeting rather harshly. The quicker you save, the quicker your debt will be wiped out.
What exactly can be done about credit card debt?
You will have to plan a budget, payments will have to be set and you will have to stick to the plan. If you don't know what to do you might have to hire a finiacial adviser or borrow money.
Who is responsible for medical bills of deceased?
The estate is responsible. This may mean the spouse will get much less from the estate.
Are you responsible for deceased mothers bills?
If your mother died without any assets but died flat broke, you are not responsible for her bills. You do not have to pay her bills out of your own money. (You have to pay any expenses you arrange for after she dies. If you buy a funeral you have to make sure it is paid for.)
However, if your mother left you money and you are the executor of her estate, you must pay her bills.
Is the inheritance tax on stocks based on the value of the date of the deceased?
The date of valuation is determined by the executor. The rules allow them to choose a date for the value. They have to state the date and use it for all the assets.
Who is responsible for credit card debt when the cardholder dies in Ontario?
The estate of the cardholder. Anyone else named on the card, or the spouse, could be held responsible.
What if the cosigner dies Is the estate responsible for this debt?
The loan could be held as a claim against the estate. Such things can cause an estate to take many years to settle.
Who is responsible for a persons debt when they die?
The estate will be responsible. If there are not enough assets to cover the debts, then they will not be paid.
Is becoming an administrator of a small estate where no will is found expensive?
It should not cost the administrator anything. The costs, which are fairly reasonable, are born by the estate. And the Administrator can charge for their services.
Are you responsible for your deceased husbands medical bills?
The estate will be responsible. The husband indirectly will pay, as they cannot inherit until they are resolved.
When a spouse dies does the living spouse have to pay medical bills for the dead?
The estate will be responsible for the bills. The spouse indirectly will pay, as they cannot inherit until they are resolved.
Who is responsible for deceased spouse's debt in Florida?
The estate of the deceased is responsible in Florida. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.
Are the children responsible for burial and debt for parents in Texas?
The children are not directly responsible for burial costs and debts in Texas. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.
Is a husband in the state of Kentucky liable for his deceased wife's medical bills?
In Kentucky, and every other state, the estate is responsible for the bills. However, most insurance requires the insurance holder, normally the husband, to guarantee the costs. So indirectly, the spouse will pay because they will not inherit the money that went to pay the debt.
Can the executor of estate be held liable for taxes owed if estate is insolvent?
No, the executor is not personally responsible. It is their duty to value the estate, resolves debts based on the assets. If there is not enough money, it is reported to the court with the distribution plan and some people do not get paid.
Yes, the estate has to resolve all debts. The property cannot be transferred while subject to a lien from a line of credit.
Do children become responsible for deceased parents debt in Connecticut?
In Connecticut and other states, the children are not personally responsible for the bills, unless they co-signed them. However, the estate is responsible. Which means that the estate may be depleted and a lien placed on the house. The children may not inherit anything.
Is a wife responsible for her husband's medical bills?
The wife is not personally responsible for the medical bills unless she signed the paperwork, which is sometimes the case. However, the estate is going to be responsible. Which means that the estate may be depleted and a lien placed on the house. The spouse may not inherit anything.
Is surviving spouse responsible for medical bills of deceased husband in the state of Colorado?
In Colorado the estate will be responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved.
