there is a widow and everything passed into her name via and/or on bank accounts, vehicals and property.
2006-07-22 07:41:36 · 13 answers · asked by foxywire 1 in Business & Finance ➔ Credit
Some of you are not reading th entire question: there is NO estate. All went to the widow via and/or accounts.
2006-07-24 17:36:55 · update #1
If there is a surviving spouse, they will be responsible for the debt even though the card is in the deceased name. If there is no spouse, then it would be paid by their estate, life insurance, bank accounts, etc.
If the deceased had nothing, no bank accounts, life insurance, home, car,etc, then it would be written off as a loss. The credit card company will try to get money from someone whether it be a parent, sibling etc, although they would not be responible for it. Regardless, they will try to pressure and threaten in an attempt to get their money.
2006-07-22 11:01:47 · answer #1 · answered by Shanan D 4 · 0⤊ 0⤋
The deceased's estate is responsible for paying off final bills.
An outstanding credit balance, for instance, should be paid from the dead person's bank account.
If the executor of the estate does not pay off the deceased bills, they can be sued.
2006-07-22 07:47:01 · answer #2 · answered by Stuart 7 · 0⤊ 0⤋
The executor of the valuables could pay all valid money owed in the previous any materials circulate to heirs. If the deceased materials won't hide the money owed, the lenders can not assemble from family participants participants. One exception is definite transfers 'in anticipation of dying'. This certainly capacity, in case you provide some thing away presently in the previous dying, the lenders would be waiting to reclaim that merchandise.
2016-10-08 05:04:50 · answer #3 · answered by ? 4 · 0⤊ 0⤋
The executor of the estate is required to pay all debts before assets pass to heirs. Joint accounts may be frozen until the estate is settled.
2006-07-22 09:08:13 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
Define liable name, if their is another authorized signer they will still be resonsible for repaying the debt. If there is no other person on the account, the estate (which includes property) will be responsible for repaying the debt.
2006-07-22 07:49:26 · answer #5 · answered by treday25 5 · 0⤊ 0⤋
Any the estate is potentialy responsibly. If the money passed outsdie of the estate, the creditors are out of luck
2006-07-22 07:46:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋
i'm not 100% sure, but i bet the credit card companies lose out and can't collect it from the estate.
2006-07-22 07:46:30 · answer #7 · answered by chloe 4 · 0⤊ 0⤋
It is up to her estate to pay her remaining bills.
2006-07-22 07:45:33 · answer #8 · answered by teresa.hereford@sbcglobal.net 4 · 0⤊ 0⤋
Wiped out.
2006-07-22 07:52:14 · answer #9 · answered by helixburger 6 · 0⤊ 0⤋
the debt will be written off, or if they have insurance on the cards that will pay them off
2006-07-22 07:44:41 · answer #10 · answered by calibra2317 1 · 0⤊ 0⤋