2007-06-30 14:31:45 · 7 answers · asked by on_a_need2know_basis 4 in Politics & Government ➔ Law & Ethics
i just want to correct my poorly written question.
would all THEIR debt....BROTHER who are...
2007-06-30 14:42:35 · update #1
No, their debts would be satisfied from their estate. If the estate is insufficient to satisfy all debts, you and your brother do not inherit those debts.
2007-06-30 14:36:48 · answer #1 · answered by Anonymous · 3⤊ 0⤋
No the debt comes out of the estate they leave. Their house cars etc could be sold to pay their debts.
And no their debts do not come back to you. Only if you are the executor of the will and then only in that it comes out of any estate the deceased had.
2007-06-30 22:38:20 · answer #2 · answered by elaeblue 7 · 1⤊ 0⤋
Debt is paid by the assets left in the estate and the heirs get the remainder as per stripes is no will, by terms of the will if there is one.
The heirs do not inherit the debt but the estate does.
2007-06-30 21:36:43 · answer #3 · answered by hexeliebe 6 · 1⤊ 1⤋
No not unless your name is part of his debt, ie...cosigner ect, if your not a part of his debt they can't make you pay it. The debt would be payed off from your parents assets, like house, cars ect that would have to be sold to recoup that money owed on their estate.
2007-06-30 21:40:14 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Not exactly. Their assets would be sold/auctioned and the debts taken out of their assets. The remaining debts (if any) would be inherited by you and your sibling.
2007-06-30 22:02:58 · answer #5 · answered by cyanne2ak 7 · 0⤊ 1⤋
oh my god, this is such a good question i could cry... I will be watching the answers
2007-06-30 21:35:38 · answer #6 · answered by Anonymous · 0⤊ 1⤋
This is a pretty fishy question.
2007-06-30 21:38:56 · answer #7 · answered by kevrigger 5 · 0⤊ 1⤋