Death of Spouse what is there Estate to pay off credit card debts?

Question

If your spouse dies with a ton of debt and you basically have a lot of stuff but nothing worth any real money how does the courts ect. determine what is the dead spouses estate to sell to pay off the debts? Basically how is the dead spouses estate determined? Anyone with expericene would be greatly appreciated.

Answer 1

If there are no real assets, you probably wouldn't need to probate the estate -- the courts wouldn't be involved.

The creditors would have to write off the debts. Send a cover letter saying there is not estate and no money to pay the debts. Enclose a photocopy of the death cerificate -- they don't need an original certified copy (those cost $10+).

Most creditors won't be heard from again. A few credit card companies are more aggressive and will try to collect from family members, insisting that you are responsible for the debt. Don't talk to them on the phone. Just send them another letter and death certificate.

Answer 2

this relies upon on the account -- If there's a co-signer on the credit account, or a joint applicant while the applying grew to become into filed, then the debt transfers to the different individual. If the cardboard is owned completely by utilising the deceased, the corporate can attempt to deliver collectively the debt against their components each so often, yet a lot of them will merely write it off in case you deliver information of loss of existence ( like a loss of existence certificates.)

Answer 3

A spouses debt is your debt. They will still expect payment from you unless you had life insurance on those bills.