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If a parent dies are the children responsible for their credit card debt if the estate doesn't cover it?
Wiki User
∙ 13y ago
No, the children are not responsible. Debts are one of the primary reasons someone should open an estate. 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.
Wiki User
∙ 13y ago
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Are children responsible for deceased fathers debt in California?
Not unless they co-signed for the loans or credit cards. The estate is responsible for the debts.
Are adult children responsible for credit card debt of a deceased parent who had no estate and who lived in the state of Pennsylvania?
No.
When you die do your children have to pay your credit card off?
The estate is responsible for the debts. Anyone on the credit card would also be liable for the debt.
Would my mother's children be liable for any credit card debt she had at the time of her death?
Your mother's estate is responsible for her credit card debt.
If a man passes away is his widow or his children responsible for any of his credit card debt in California?
The estate is responsible for his debts. In most cases this will mean that the credit cards will have to be paid off before the spouse or children can inherit any money. If the wife is also listed on the credit card, she will be liable along with the estate for paying it off. This question is best posed to an attorney familar with California estate law and this mans' will.
Are adult children responsible for credit card and medical bills with an estate?
They are not responsible to do it with their own money. If you are the executor of the estate, yes, insomuch as there are assets to pay them with. If the debts exceed the assets, there are some people who will not get paid, including the beneficiaries.
Mother passed leaving land and house to three children one is the executor are you responsible for credit card debt in Florida?
The estate is responsible for the credit card debt. The assets of the estate cannot be distributed before the debts of the estate are paid. The executor is bound by law to give notice of the death to creditors. You should seek the advice from the attorney who is handling the estate.
Who is responsible for credit card debt when there is no estate?
Generally a person's estate is responsible for the decedent's debts. If there is no estate the creditors are out of luck. They should be notified of the death.
When a parent dies in Louisiana are the children responsible for the debt still owed by the deceased parent credit cards taxes mortgages etc?
The estate is responsible for all debts. Please consult a probate attorney for specifics on how to open an estate.
Who is responsible for your credit card debt after your death in Mississippi?
The estate is responsible for the credit card 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, they may not get paid.
Who is responsible for a deceased person credit card debt in North Carolina?
The estate is responsible for the decedent's credit card debt.
Who is responsible for your credit cards when you die if there is no husband?
Typically the estate is responsible for clearing up any liabilities. The affairs of the estate are usually handled by the executor of the estate.
