0
Are you liable for a small debt your mum has left she left no estate?
Wiki User
∙ 13y ago
Ending debts and creditor calls is one of the primary reasons to open an estate. The estate has to pay off the debts. If the estate doesn't have the assets to do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What happens if a sister diesand she has a brother left but doesn't live with her is he liable for her debt?
Not unless he co-signed for things with her. The debt is the responsibility of the estate.
Can unsecured debt be contested by an estate?
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.
How do you write a sentence using the word estate?
The castle estate was huge. The man left a small estate to his heirs.
Both of your parents have passed away and left you executor of estate are you responsible for all their debt left behind?
The estates are responsible for the debts. The attorney who is handling the estate will let you know how the debts will be paid.
If a decedents home is left out of their trust is the executor still liable to pay the mortgage?
The home is a part of the estate. It does not matter that it is or is not in a trust. The executor is responsible for taking care of all of the assets of the estate.
Who is responsible for credit card debt after death in Louisiana?
The debts are paid from the deceased's estate, before the heirs inherit what's left (if anything). Debt is not inheritable though, so if the estate isn't enough, the heirs are not responsible for the remainder.
What to do if an estate is left with more debt than assets?
The executor presents a plan to the court showing what debtors will be paid and what amounts they will get. If the court approves, the payments are made and the estate is closed. The rest of the debt will get written off as a loss by the debtors.
Are you responsible for paying the debt your deceased mother owes to the Department of Education?
No, but if she left an estate they may or may not collect it from it. But not you
Your deceased husband left bank account debts are you liable?
Death wipes out most debt ... but not all. It would depend on properties and any contracts you had. Best to talk to a lawyer (who will gladly put you into his debt).
When a parent dies are the children held responsible for any debt left?
The parent's estate is responsible for their debts. If there is no estate the creditors are out of luck. However, if the parent left any assets, the estate must be probated in order to give creditors an opportunity to file a claim.
How can you settle your husbands estate when his children from a previous marriage keep putting claims in on the estate when there is nothing left but debt?
If there are no assets, simply show the court. No assets means no debts can be settled and the estate will be closed.
In state of new york if the surviving spouse is additional user on a credit card of the deceased will the surviving spouse need to pay the debt?
No, an authorized user has no obligation to pay back the debt and the credit card company cannot make you pay the debt. They can request payment from the estate if there is an estate left.
