Debt Responsibility

That depends entirely on the valuation and the amount in the estate. Someone can purchase the home for fair market value and the proceeds go into the estate. That may cover the debts.

She can only leave you what she has. If there are bills, they have to be settled before you can get anything. If the value of the debts is higher than the assets, there is nothing for you to get.

The executor cannot refuse to pay properly documented debts. They do not have to pay them personally, the money comes from the estate. If there isn't any money, they show the court the assets and distribution and the estate is closed. And if they insist on not paying, the court can revoke their status as executor and assign it to someone else.

You do not have to do it out of your own pocket in New York. If you are the executor of the estate, yes, insomuch as there are assets to pay them with. If the debts exceed the assets, you may have to sell the house or other assets.

The spouse is not personally responsible for the medical 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 spouse may not inherit anything.

The spouse is not personally responsible for the medical bills, unless they co-signed them. However, the estate is responsible. Which means that the estate may be depleted, and the spouse might not inherit anything.

Companies who extend credit to individuals or other companies set aside an account that is called allowance for doubtful accounts. This account can be based on the amount of sales or the amount of accounts receivables. In determining the amount of the account managers review the previous history to make adjustments. If someone does not pay, after so much time it is written off into this accounts. Sometimes the bad account is sold to another collection agency in attempt to collect.

Her estate has to pay the bills. And since he will be inheriting the estate, he will be paying the bills either directly or indirectly.

Borachio

In Virginia the estate will be responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved.

The estate is responsible. It may become part of the spouse's responsibilities depending on the insurance and the estate.

The estate of the deceased is responsible in Michigan. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.

The personal representative is not responsible for the debts. The estate pays the debts.

You can break an irrevocable trust only if there was some legal error involved in the establishment of that trust. If there was an error, you can then go to court and ask to have the trust invalidated on the grounds of that error. If there was no error, then no, you cannot break it.

The estate of the deceased is responsible in Indiana. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.

Your mother's estate is responsible. If you signed the paperwork on some items, you could be held responsible.

Normally the spouse is held liable for the debt. The presumption is that they benefited by the goods and services.

Consult the Federal tax instructions. There are a number of items in the closing costs that can be deducted.

The estate is responsible for the tax debts of the deceased. That means before the estate can be settled, all debts, including taxes, have to be cleared. If there is not enough in the estate to cover them, they may not get paid.

Not unless you cosigned anything with him. If you did, you will be responsible for those debts. If they are in his name only, they can only come after his estate (so if he leaves you anything, they might try to go after it in court.)

The estate will be responsible for the debts. The next of kin could indirectly pay, as they cannot inherit until they are resolved.

No they would not be responsible for the debt unless it was before they were divorced. The estate has to resolve the bills.

In Massachusetts, the estate must resolve all debts. Until that is done, the spouse cannot inherit anything.

The estate will be responsible, so it would be a good idea to open one. The spouse indirectly will pay, as they cannot inherit until they are resolved.

Typically the answer will be yes. The primary insurance holder will always be responsible.