Who is responsible for paying bills / debts when your mother passes away? My mother does not own a home, she has no income aside from SSI and she recently divorced a man that there marriage only lasted 5 years, with him not having to give her a cent.
Because her income is so low, the court made it where there divorce was final, but she is allowed to live with him for 18 months (paying a small rent fee)...But once she is out, she has nowhere to go (I am stationed in Germany for another 4 years) and my other two sisters have no space for her either.
My worry was with all the LARGE DEBT she has, I was wondering who is responsible for it, as I was told us three girls were when she does pass away. That kinda upsets me, as she purposably made that and is still in the process of spending $$$ on her plastic cards, having no future income to pay the bills...I was just a bit worried who is gonna be responsible for this when she passes away, as I out of her home all through my teen hood.
2007-05-31 09:29:53 · 9 answers · asked by Tazz 1 in Business & Finance ➔ Credit
Her estate. Her assets will be used to pay debits; you are not responsible for them. If there aren't assets enough to cover the debit, the lender is out of luck; especially an unsecured credit card debit.
2007-05-31 09:33:18 · answer #1 · answered by wizjp 7 · 2⤊ 0⤋
If you alls names or SS numbers are not in any way on her accounts as cosigners, then you all are not responsible for any of the debts. The companies can try to come after you all, but in reality, legally they cannot. Just make sure your name, ss numbers, or any of you all childrens names and numbers are not attached to any of her cards or debts. I had a friend whose mother used her childrens names and ss numbers, so the children had bad credit before they were even able. But anything done before a child is 16, they are not legally held or bound to it.
As for your mother not having any where to live. Shame on you and your sisters.
Did your mother not carry each of you for 9 months?
Did she not raise you, pay for, and help you to adulthood?
You cannot put a price on this. I hope you do not let a dying woman be left out on the street whither she was good or bad to you. This would be absolutely wrong.
Honor you mother and father so your days will be long on the earth. You cut your life short by dishonoring your parent no matter how they treated you in the past. This is a Universal Law, from the ancients. Break it, you will see just how long you all live.
I can tell you that those who have broken this law lives have been cut short unnecessicerily. It is you alls choice though, man has been given free will.
I wish you much blessings and also luck with working this out.
2007-05-31 10:27:12 · answer #2 · answered by Anonymous · 0⤊ 2⤋
the respond relies upon on a million) no rely if or no longer the two certainly one of you acquire those enjoying cards at an identical time whilst nevertheless married, 2) in case you cosigned on the enjoying cards, or 3) in case you reside in community assets state & she have been given the cardboard own her own in the time of the marriage. If any of those 3 eventualities prepare, then definite you're responsible for the debt. If the debt is important, you will possibly evaluate consulting with an lawyer to be sure what your strategies are. lenders are so aggressive at the instant that they might attempt to get a judgment against you -- and you truly might desire to understand for particular which of her costs you're in charge for and which of them you're no longer.
2016-10-09 05:13:16 · answer #3 · answered by drago 4 · 0⤊ 0⤋
It is true that many companies will just write off the debt owed to them. Her "estate" would be means of paying back, but it sounds like she has no assets. Be very sure that you didn't co-sign anything for her, or you could be held responsible. Even if you didn't, a creditor may contact other members of the family to collect. Trust me, I know because I had to make those calls before. Its ridiculous. If you are called about it, and you know that your are not a co-signer, tell them to cease and desist.
2007-05-31 09:59:39 · answer #4 · answered by MomOfThreeBoys 3 · 1⤊ 0⤋
You cannot be held responsible nor liable for your mother's debt situation unless you co-signed any of the various credit cards she uses to spend.
When she passes away, her debts are to be paid from her estate, and it does not sound as if there is much 'estate' with which to work. Unsecured creditors will simply 'bite the bullet' and write off the debt.
2007-05-31 09:34:29 · answer #5 · answered by acermill 7 · 1⤊ 0⤋
When someone passes away their estate is responsible for any debt that was left. If there is no estate, the companies write off the debt as noncollectable.
Unless you signed the contracts, you are not responsible for paying your Mom;'s debts.
2007-05-31 09:39:21 · answer #6 · answered by ? 7 · 1⤊ 0⤋
Her debts belong to the estate, and would be paid from the estate assets, if there were any. In this case, the estate assets may be insufficient, and in that event the creditors probably get stiffed. This is worth a chat with a lawyer.
2007-05-31 09:34:35 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Legally, everything she owned at the time of death must be applied to the debt before anyone inherits anything. In some cases, any gifts she made shortly before death can be reclaimed to cover debts. If any debt still remains, the creditors are out of luck. Debt can not be inherited.
2007-05-31 12:17:52 · answer #8 · answered by STEVEN F 7 · 0⤊ 0⤋
When my wife died I just wrote on every envelope "Deceased" and eventually they just stopped coming.
2007-05-31 09:33:50 · answer #9 · answered by vinster82 5 · 0⤊ 0⤋