my nieces father died suddenly on monday. He just had a new deck put on his house & paid for it with his credit card. Who is nresponsible for payment. Will it come out of his estate ?
2006-08-02 04:29:08 · 7 answers · asked by dilhater 1 in Business & Finance ➔ Credit
It will come out of the estate. If there isn't enough money in the estate to cover the bill, the credit card company won't be able to collect all of its money.
2006-08-02 04:33:14 · answer #1 · answered by Princess 5 · 0⤊ 0⤋
Responding to Jessi: The credit card company cannot go after his spouse or family members unless that person is named on the account.
No matter what your family status, credit card debt does NOT transfer to anyone else EXCEPT when their is another person named on the account (and then the debt is not transferring -- that person is already liable for the debt).
2006-08-02 08:32:43 · answer #2 · answered by Joe T 2 · 0⤊ 0⤋
It will come out of the estate.
All debts have to be paid in full before the heir recieves anything, if he did not have a will, or no one else's name is on any of his assets, everything will go through Probate first.
2006-08-02 04:35:45 · answer #3 · answered by eyeore 4 · 0⤊ 0⤋
You and your sister wouldnt be liable for any of his charges until you or your sister are co-signers on any of those charges or co-proprietors of any sources he has that's in debt... If no longer then while your father dies his sources would be liable for paying any wonderful charges that are his. If his sources doesnt have the money to pay and has no sources to sell then the charges would be written off as a loss. actually in maximum jurisdictions you and your sister wouldnt additionally be liable for his funeral expenditures the two.
2016-12-10 20:03:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes,,all debts are paid first when an estate is settled
2006-08-02 04:33:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Not sure if my two "magic links" will stretch this far but they seem very good to everyone with CC and debit questions so here they are:
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
good luck!
2006-08-02 15:53:54 · answer #6 · answered by Anonymous · 0⤊ 0⤋
his spouse first, then if no spouse it will come from the sale of his estate
2006-08-02 04:33:04 · answer #7 · answered by Jessi 7 · 0⤊ 0⤋