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Debt Responsibility
Questions relating to the responsibilities for debts left by an individual that has died.
1,506 Questions
When a parent dies are their children responsible for their debt?
Normally the estate has that responsibility. If the children co-signed, they can be held personally responsible.
Are children resposible for their parents debts after they die?
They are not directly responsible. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.
Is a surviving spouse responsible for deceased spouses bills in Missouri?
As in all states, Missouri requires the estate to be responsible for all the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.
Is the person who rewarded a life estate resposible for decedents debt?
That will depend on the relationship. If it is a spouse, there is likely to be a legal responsibility.
Are children of deceased given priority over mother of deceased?
Yes, children have priority over the mother of the deceased. They are the descendants it get priorty second only to a surviving spouse. Even without a will the spouse will come first, then children. Parents are next, then siblings.
Can a beneficiary stay at a property without paying rent to other beneficiaries?
They are not responsible to the other beneficiaries, they are responsible to the estate. It is up to the executor to make sure things are done fairly.
Can medical bills of a deceased parent get in the way of the estate heir?
Yes, they will get in the way. Debts are the responsibility of the estate. Before anything in the estate can be distributed, the debts have to be cleared.
The estate has the responsibility to settle all debts, including medical bills. The estate can demand the money back from the husband. Once that is done, then remainder can be distributed to the beneficiaries.
Is the surviving spouse liable for a deceased spouse's medical bills in Kansas?
As in all states, Kansas requires the estate to be responsible for all the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.
Can the Government claim back overpaid benefits from a deceased persons estate?
Yes, the government can do that. The value of the benefits is part of the estate. The assets of the estate have to be used to clear all debts before anything can be distributed.
Is a widow responsible for her husband's debt?
The husband's estate is responsible. If she was a co-signer or beneficiary of the debt, she will have some responsibility.
No, you are not responsible for the bills. His estate is responsible, whether there are assets or not. If there are no assets, they creditors do not get paid.
Who is responsible for credit card debt after death in Nebraska?
As in all states, Nebraska requires the estate to be responsible for all the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.
Who is responsible for credit card debts on death in QLD Australia?
The estate of the deceased. Also anyone that was listed as a co-signer or joint account holder.
Is there a gift tax if deeding house to child before death?
Yes, there could very well be a gift tax. Consult a tax attorney. And the estate could pull the property back into the estate if it is within a few years of death.
Is the wife responsible for the medical bills of her deceased spouse in Oregon?
In Oregon the estate will be responsible for the medical bills of the deceased. Only after they are resolved can the estate be closed and any remainder distributed.
Is the wife responsible for her deceased husband bills in Georgia?
Georgia requires that all debts be resolved before an estate is settled. That means the bills have to be paid before anything can be distributed to the spouse.
Yes, she will be held responsible. The primary insurance holder is always responsible for the medical costs under
Are children responsible for a parents debt after their death in Colorado?
No. The dead persons belongings - house, car, money bank accounts, shares, jewellery - (everything they had when alive that was theirs) forms what is called the deceased's 'estate'.
The person who is appointed to look after the estate (the executor) should use the funds in the estate to pay any debts that the dead person had (BEFORE ANYBODY INHERITS ANYTHING).
If the money in the estate is not enough to meet the debts then this is hard luck on the people who are owed money.
The debt does not pass to the children.
Is an adult child of a deceased parent responsible for foreclosure debts?
Not unless they were listed on the deed of the property that was foreclosed. The estate is responsible for settling the debts.
The primary insurance holder will be held responsible. That is part of the agreement, they will have to pay.
Are parents responsible for deceased children debts?
It is not the parents but the estate that is responsible for any remaining debts. That will include medical bills. If there is not enough in the estate to cover them, someone will not get paid and the heirs may get nothing.
Is spouse responsible for debt after death in Alabama?
The estate will be primarily responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved and they benefited from the debts incurred.
