who is responsible for debts in intestate death?

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who is responsible for debts in intestate death?

2006-12-04 07:39:51 · 3 answers · asked by catviccer 1 in Business & Finance ➔ Personal Finance

3 answers

The estate is responsible for the debts, will or no will.

2006-12-04 07:43:01 · answer #1 · answered by Aggie80 5 · 0⤊ 0⤋

Intestate means "without a will". This does not change the fact that the estate is responsible for paying the debts of the deceased.

2006-12-04 07:44:08 · answer #2 · answered by Flyboy 6 · 0⤊ 0⤋

Intestate simply means dying without a will.

Her estate will go to a probate court. Any assets will go to pay their debts first. Anything left over will go to next of kin, in the order set by the state for such cases.

No one but the estate can be held liable for the deceased's debts, unless they had signed for the debt themselves.

2006-12-04 07:44:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋