2007-07-25 04:47:41 · 5 answers · asked by oscar_l_castillo 1 in Business & Finance ➔ Personal Finance
Depends on his will (if he had one) if you are the beneficiary to his estate, then you are responsible for any taxes, debts, and fun legal fees.
Hopefully, if he made you the beneficiary on his will, he also makes you the beneficiary for his life insurance policy.
Sorry for your loss :(
2007-07-26 10:01:27 · answer #1 · answered by xylina_69 4 · 0⤊ 0⤋
You are if you co-signed anything with him. Otherwise, any debts will be paid out from selling his belongings, forfeiting bank accounts, etc.
If he has no assets, and you did not co-sign anything for him, then there is no recourse and the bank has to write off the loss. An exception would be if he is a minor or student and still living at home - in that case, the parents/guardian could be responsible, but it depends on the type of debt and the situation.
2007-07-25 07:28:41 · answer #2 · answered by Kat 2 · 1⤊ 0⤋
no , sell his belongings or property or anything worth selling to pay the debt
2007-07-25 04:59:02 · answer #3 · answered by joddie 5 · 1⤊ 0⤋
No. However, if he left you anything in his will, his creditors can take what they're owed from that before you receive your inheritance.
2007-07-25 04:53:08 · answer #4 · answered by Anonymous · 3⤊ 0⤋
you are if you have his power of attorney or if you are the beneficiary of his will.
2007-07-25 04:55:38 · answer #5 · answered by Lov'n IT! 7 · 0⤊ 0⤋