Hypothetically speaking, the parents are aged, and the children being over 30-ish..
2006-11-27 04:41:29 · 8 answers · asked by shortbus 2 in Society & Culture ➔ Cultures & Groups ➔ Other - Cultures & Groups
YEP. When my mom passed we got all her bills. Had to sell everything she had to pay them off. She had no life insurance. Although it does not affect your credit file nor will any debtor take action against you. It will claim the estate however.
2006-11-27 05:16:10 · answer #1 · answered by Anonymous · 1⤊ 0⤋
No.
But, If the parents leave property behind (or money), and debt. The debt must be payed off before the property can be inherited or distributed out to the survivors.
2006-11-27 12:48:30 · answer #2 · answered by Anonymous · 1⤊ 0⤋
no your debt is yours through your social security # unless your parents left you property and they still owed then yes it becomes yours as long as you are claiming the property house, car buisness but not nothing like their credit card's
2006-11-27 12:45:20 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Not in America
2006-11-27 12:42:55 · answer #4 · answered by wish I were 6 · 0⤊ 1⤋
yes
2006-11-27 12:43:33 · answer #5 · answered by paul_wilkie2002 2 · 0⤊ 1⤋
in our country, yes
2006-11-27 12:42:57 · answer #6 · answered by sharks 3 · 0⤊ 1⤋
no, luckily.
but i am assuming no fraud involved.
2006-11-27 12:48:41 · answer #7 · answered by Sufi 7 · 0⤊ 0⤋
not in UK
2006-11-27 12:43:57 · answer #8 · answered by epbr123 5 · 0⤊ 0⤋