Are you responsible for a decesed parents debts?

Answer 1

No. The estate is responsible for the debts. Any money they had must stand good for the debts. If they had no money, then the creditors are out of luck. They may try to intimidate you, but if you didn't cosign, then you have nothing to worry about.

Answer 2

You are not legally responsible for their debts (unless you cosigned a loan or something), but if you are due an inheritence, the companies can put a lien against the estate.

Answer 3

Not unless you signed on their debts. You might want to do an update I will check tomorrow and give you more information. Thats a very broad question.

But to make it simple, if you signed on the debt yes, if you didnt no.

Answer 4

No, not unless your name is on the loan. But their estate is responsible, so anything you inherited can be taken for the debts.

Answer 5

No. Any debts the parents had would be paid from the estate.

Answer 6

YOU are not liable, but their estate must pay their debts. You have to pay off their debts out of their estate proceeds, then what's left over will be divided amoungst their heirs.

Answer 7

my theory is this: if you died, would they pay off all of your debts? i know mine wouldn't so when she dies her debts go with her. i have no intention of helping someone who wont help themselves. plus, my mother's not even a part of my life unless it's convenient for her at the time. why would i want to help someone like that????? i guess it depends on your relationship with your parents. but if they've got the mind to rack up the debt, they should have a plan to pay it off without burdening you.