Debt Responsibility

The estate has the responsibility. And the assumption is that the wife inherits at least half, if not all, of the husband's assets. But the estate has to liquidate all assets before they can transfer them to the spouse. One way or another, the spouse really ends up paying the debt. If there is more debt then assets, the debt will normally be closed out.

Yes, you are liable for your husbands credit card.

No, debt is not inheritable. The purpose of an estate is to settle all debts before anything is distributed. You can opt to accept some debt, for instance a mortgage, if you want the home. Be careful what you say when talking with creditors.

Your sister's debts are not part of the estate. The estate's responsibility is to pay the mother's debts and distribute the remainder. What your sister does with her share of the inheritance is up to her.

That depends a great deal on the situation. There may be an insurance clause that would apply. Typically the estate must resolve the debts first.

Some courts will examine the account and hear testimony. Many older people place one child's name on a joint account for purposes of convenience only, not intending for that one child to inherit the account. The court will hear evidence from the respective parties each trying to convince the court to render a decision in their favor. The court will consider the size of the estate, the number of children, whether other property was devised to the other children, whether the joint holder paid bills for the decedent from the account, whether the decedent mentioned the disposition of the account upon her death. The superior evidence will usually win.

Some courts simply treat a joint account as a joint account and award it to the survivor.

In most states the surviving spouse can be held responsible for their spouse's medical bills under the doctrine of necessities. However, in Florida, the Supreme Court abolished that doctrine in 1995 in Connor vs Southwest Florida Regional Medical Center, Inc., 668 So. 2d 175. Unless you signed some agreement to pay (such as when your wife was admitted to the hospital) you are not responsible.

All possible debtors need to be contacted. All natural heirs and any beneficiaries of the will also need to be notified. These are the responsibility of the estate.

File a lien

The executor is not personnally responsible. The estate is responsible to pay off the debts. If the assets are not sufficient to pay off the estates, they do their best and get the court to agree.

The availability of life insurance doesn't change the situation. It is the assumption is that the wife inherits at least half, if not all, of the husband's assets. But the estate has to liquidate all assets before they can transfer them to the spouse. One way or another, the spouse ends up paying the debt. The spouse has some right in all real property owned by the husband. If the assets are not enough to cover the debt, the real property may have a lien placed against it to cover those debts.

Medical bills are the responsibility of the estate. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.

The estate is going to be responsible for any bills. But the assumption is that the wife inherits the husband's assets. One way or another, the spouse ends up paying the debt. The spouse has some right in all real property owned by the husband. If the assets are not enough to cover the debt, the real property may have a lien placed against it to cover those debts.

Not specifically. The executor has to settle the estate and report to the court on a quarterly basis with a full report. In some cases it can be done in less then a year, on others, depending on the terms of the will, it can take decades.

Your father's estate is responsible for his debts. If he owned any property at the time of his death (including real estate, personal property, bank accounts, etc.) his estate must be probated and that property must be used to pay his creditors. If he owned no assets then his ceditors are out of luck and you should send the bills back with a copy of his death certificate.

The laws in Georgia are the same as other places. They presume that the spouse inherits at least half, if not all, of the other spouse's assets. But the estate has to liquidate all debts before they can transfer any assets to the spouse. One way or another, the spouse ends up paying the debt. The spouse has some right in all real property owned by the husband. If the assets are not enough to cover the debt, the real property may have a lien placed against it to cover those debts.

A deed does not stop probate from taking place. If the deed had a right of survivorship, then it might prevent the house from going into probate.

Pay off the lien is the simplest way. That can be done by selling the vehicle. Hopefully it is worth more than the loan amount, so the estate will have additional assets.

In this case the assumption is that the wife inherits at least half, if not all, of the husband's assets. But the estate has to liquidate all debts before they can transfer any assets to the spouse. One way or another, the spouse does end up paying for the funeral.

A bond entity is when I put my dong in your pooper and pull it out really quick basically making your pooper inside out giving it the effect of a pink sock hence the name "pink sock."

usually they don`t pay the debt they just mourn!I mean if they are dead what`s the point of paying?

The mother's estate is responsible for settling all debts. The house will likely have to be sold and the proceeds used to pay the hospital bills.

Yes

In order to "handle someone's estate' you must be appointed by the probate court as executor if there is a will, or as administrator if there is no will. Once appointed then you have the authority and obligation to pay the debts of the decedent from any assets owned by the decedent. The debts must be paid before any property can be distributed to the heirs.

The estate is responsible for he debts of the decedent. If the decedent was the sole owner of any assets at the time of death those assets must be used to pay the debts before any property can be distributed to the heirs. If there are no assets the creditors are out of luck.