My son just died, do I have to pay his debts?
113765
My condolences. Someone should be assigned by a court as administrator of your son's estate. That person would be responsible for collecting monies (such as life insurance) and paying debts owed. \n\nRemaining monies would be distributed according to your son's will or according to estate law by the administrator.
174169
I think you need to ask a lawyer in the jurisdiction where you live. I suspect your brothers portion of the mortage will still be owed to the mortgage company.\n\nDoes he have a will? That can make a difference.\n\nThe idea that a person's debts die with them may not be true. The debts may become a part of their estate along with any assets.
523523
The only way I could see them not letting you use it is if it wasn't paid in full.  Contact the cemetery, ask them what it was really about.  And you have the right to copies of anything you signed.  I have never heard of that excuse before.  I doesn't matter where he lived.  Get a copy of what you signed and if you feel they were wrong get a lawyer.  That was pretty low and thoughtless of them to tell someone something like that the day of the funeral.  I am really sorry you had to go thru something like that after losing your father.  My condolences.
24315
If you are not paying the full amount, yes. Otherwise, they wouldn't be sending it to a collectin agency. If it has already been sent and you pay it, everything should be taken care of.
761763
From what I understand generally about estate law, your parents' debts should not roll over to you and your siblings when they pass away. However, if you or your siblings are co-owners or partners with your parents in any business enterprise or are gurantors to any loans taken by your parents, then yes, you may become liable to their debts when they pass away.\n\nIn short, you will not be liable for their liabilities unless you are somehow a party to the liability to begin with.
685846
I believe you have to pay on any inheritance you receive.\n\nHere's a website that explains it and also has external links for more info:  http://www.answers.com/Inheritance%20Tax
199619
If you haven't co-signed for anything than you wouldn't be responsible. Check the laws that govern where you live though. The estate pays the bills, then anything that is left, is divided between the heirs, or according to the will.
848577
Send a written complaint to the state insurance commissioner where your mother resided when she purchased the policy.  Make sure it's signed by all beneficiaries.  This process is free and faster than taking an insurer to court.\n\nThe only good news is this:  if the insurer has withheld a portion of the proceeds, you'll be paid interest from the date of death.  Don't take "no" for an answer when it comes to interest on these proceeds.  This should have been worked out at the time the claim was first filed.\n\nI hope this helps.
206049
Please speak to an attorney. That is the only way to be sure you are getting accurate advice. I am not an attorney. I just know to do this by finding out the hard way. Sorry for your loss. Good luck.
250265
Possibly yes after a person dies the debt collectors go after the estate. So if her name was on the deeds the might be able to. It is something to talk to a lawyer about.
1081593
Anytime you have something of value, or CHILDREN....it is so important if you have children.....My sons dad passed away January of last year, age 47 and he had no will......His family took him to court after 19 years of "loving him" coming to Birthday Partys, etc for 19 years, and wanted proof that he was his fathers son - we won in court - but cover yourself - ok - for children involved.
976153
You need to speak to an attorney about your rights and obligations.  Also, why not speak with her financial advisor to find out what, if any, plans are in place concerning your mother's death.
578237
His estate is liable for it.  If there's an executor, they may be bound to settle the debt, depending on the agreement grandfather entered into when the debt was created.  You should consult an attorney.
644254
I'm sorry to hear of your loss. I lost a good friend in a motorcycle accident last summer. He too was an organ donor and that at least brings a little light into the situation.\n\nI'd recommend you speak with a social worker at the hospital where your son died. It's not uncommon to hold fundraisers that will help defray the cost of funeral expenses and a good social worker can help you get started.  You may also want to contact Life Connection to see if they can help you with covering the funeral expenses. Many organ donors are young people whose families simply are not prepared for final expenses that come at such an early age.\n\nAs for long-term wealth, it's harder to give advice but I'd recommend reading the book "The Millionaire Next Door" (link below).  It is very practical advice for building wealth on a variety of salaries. It is not a get-rich-quick thing but it's a good guide for the "rest" of us.
435273
Some credit card companies will write off the debt if you send them a death certificate others will want the payment but if the house is the only asset I would ask a lawyer first.
427136
Although it is entirely possible that information such as this CAN end up somewhere on the Internet, it is not a matter of public record. If your father had a Will then he would have appointed an Executor/Executrix to handle the dissolution of the estate and have the Will carried out as it was intended. If he died Intestate (without a Will) then it will be the courts (State or Provincial) who will act as the Executor and will settle all debts of the estate and pay out proceeds to beneficiaries based on a formula. Who is included to receive payouts (if any) depends on what jurisdiction your father was living in.\n\nSo the long and short of it is you are not getting the info on the net. Go and discuss it with the Executor of the estate and there may be some disclosure to beneficiares before the estate is settled. Usually, a meeting is called including the Executor, legal counsel, and all beneficiaries to discuss the impending dissolution of the estate.\n\nI hope this helps. And, I'm sorry for your loss.
1121808
Contact the loan officer, and ask him, most will allow a death foreclosure, but you will have to pay a penalty for this house. But consider it carefully, you may not want it now, but in time you may want it for it's sentimental value that it was your fathers. but also look around and get the house reappraised, it may be worth more than you think. Also if the previous owner died I think you have so many days to just give it back to the bank in leu of paying the loan, unless you have already begain to make payments then that ship has sailed.