2006-09-25 04:24:43 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
His estate if they come after it. No one else. Even if YOU or your mother had a credit card with him but you (or your mom) did not sign to GET it, then you or your mom (if you or your mom did NOT sign to get it) are not responsible either. Consult with any licensed and experienced bankruptcy attorney and you'll hear the same; this is Federal Law. If the question arises and they come after you or your mom, ask to see a copy of the signed contract; it they cannot produce it... too bad for them! Just make sure that you keep on top of the credit reporting bureaus and make them aware in writing that no such signed contract exists...and make them remove that information or it will affect whoever is being harassed for the money.
They may put a lien on the property if the amount owed is large enough, and the estate would have to settle it before or during the sale of the property. I'd suggest you take all money out of the bank that is in a joint account so they do not restraint the account (do it NOW, not tomorrow); but, they cannot legally restrain any account where the funds come from SS, but they will do it just to cause grief and problems (they do it all the time, even if the bank knows where the funds originate from because they receive an order from a marshal and they are bound to do so, and cannot release it until proof of where the funds originate from are received by the marshal or the attorneys for the company that's owed money, and it take up to 48 for them to release it, if they want to wait that long).
Sorry about your dad's passing, my condolences. Good luck and best wishes.
2006-09-25 06:55:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
When a person dies an ESTATE is created at that point. The person in charge of the estate must get the estate an ID from the IRS like a SSN. Then all bill and income and asset like a house go thought this estate and who ever is in charge of this estate have the power to pay the bill sell the house etc.
2006-09-25 11:31:28 · answer #2 · answered by Kenshin 5 · 1⤊ 0⤋
If there is money left in his name, that $ will be used to pay the debt. If he didn't have anything, the debts go away. Nobody else in your family would be responsible.
2006-09-25 11:31:06 · answer #3 · answered by Robin A. 3 · 1⤊ 0⤋
if someone was assigned executive to his will, that is their job..if there was no money for that, no one is responsible to pay them off. creditors will try to push you into it but by law you do not have to do so.
2006-09-25 19:46:28 · answer #4 · answered by churchonthewayseniors 6 · 0⤊ 0⤋
His estate is responsible.
2006-09-25 11:29:40 · answer #5 · answered by WJVV 4 · 1⤊ 0⤋