Debt Responsibility

No they are not personally responsible for the debt in California, or any state. One of the primary reasons to open an estate is to resolve such debts. 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.

With the approval of the court. The price must be a fair market price. Otherwise the estate is not going to have the assets it needs to close out.

That depends on the specific situation. If the child is still on the parent's insurance, the parents will be responsible. But once they are on their own, it is their issue.

The estate has primary responsibility. But the debts of a spouse are a benefit to both of them, so both have the responsibility.

That is the normal distribution. If there are others on the deed that may affect things. And a spouse normally has a right to the property for at least a life estate.

When the estate is opened, all possible beneficiaries should be notified. In most cases service must be made before the court will issue a letter of authority to the executor. That allows everyone to know what is going on.

No a beneficiary is not responsible. One of the primary reasons to open an estate is to resolve such debts. 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.

No, you cannot do that unless the lender agrees to it. The estate needs to contact the bank and inform them of the death. And then they can make arrangements to see if the loan can be transferred.

It depends on who the collection agency is attempting to collect from. If it is the estate, yes, they must be paid. If it is the child, not necessarily, but it could be garnished or a lien placed on the property.

No the sister is not personally responsible for her brother's 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.

It is going to depend on how the will was written. If there was no will, the intestacy laws protect all of the descendants of the decadent. This might be a good time to consult a probate attorney in your jurisdiction.

Yes, you are responsible for the repayment of your debts, regardless. Most people do not understand that their most valuable asset is their employment. If you blow off your obligations your creditors could take legal actions which could result in the forcible garnishment of your paychecks.

The best solution is to communicate your financial position and limitations. In this economic you may find them willing to accept a smaller repayment plan and amount then they would have in the past.

Depending on the State and if the spouse, or other family member, guaranteed payment they may end up with the bill.

You need to check in the particular jurisdiction as state laws vary. First, a person who petitions to be appointed Administrator must qualify in the state where the estate must be probated. If the court allows the appointment it may require the person to immediately appoint an agent who lives in the state. You need to check with the court or with an attorney who practices in the state where the probate must be filed.

Yes the annuity payments are taxable income to the beneficiaries in the same way that they were taxed to the deceased taxpayer.

She is not directly responsible. The estate is going to be responsible. And since she will likely be getting the bulk of the estate, paying off the debt will reduce her amount.

The executor of the estate can contest the debt. One of the things they must do is validate that all debts are accounted for and valid. Only then can they determine how to distribute what is left.

In most cases the government will hold them accountable. They believe that the wife benefited from the taxed income/property. Consult a good attorney for help.

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.

Typically they shouldn't be. The debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.

You have to settle the estate. And that means paying off all the debts before distributing any of the assets. That does mean that the home may have to be sold to pay off the debts.

Until they reach the age of majority. In most places that is until the age of 18. After that the kids are on there own.

when you are married and your spouse don't pay his / her medical bills are you responsible for the bills when your name not on the bills and when they call they don't ask for me they ask for him and can they report it to the credit report

In most cases, yes, they can be held responsible. They are considered to have benefited from the note.

You can apply to the estate for your money. If there are no assets in the estate, you aren't going to be successful. Consult an attorney in your jurisdiction for help.