Paying fathers debt

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Debts and Deceased Relatives | FTC Consumer Information
Who is Responsible for Deceased Parents Debt? - Debt .com
Can I be personally responsible for paying my deceased . . .
Can I be responsible to pay off the debts of my deceased . . .
Do children have to pay mother or father's debts after . . .
When Your Parents Die Broke: Can You Inherit Debt . . .
Paying a Deceased Person's Bills
Deceased Father's Debt - Debt Collection Answers
What Debts Are Forgiven At Death - Get Out of Debt
Credit Card Debt After Death: Who's Responsible? | Credit . . .
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As a rule, those debts are paid from the deceased person's estate . According to the Federal Trade Commission (FTC), the nation's consumer protection agency, family members typically are not obligated to pay the debts of a deceased relative from their own assets .
A: In most cases, children are not responsible for their parents' debts after they pass away . However, if you are a joint account holder on any credit cards or loans, you would be liable for paying off the amounts due .
Collectors may not state or imply that you are personally responsible for paying the person's debts from your own assets, unless there are specific circumstances, such as being a co-signer, that make you legally obligated for the debt . If you are not the executor or administrator, you may wish to tell the debt collector who the executor is .
A debt collector is allowed to contact the deceased person's spouse looking for the person authorized to pay the deceased spouse's debts, such as the executor or administrator of the estate .
Generally, no . But there are certain circumstances where children may have to pay off the debts left by their parents . A son or daughter will have to pay the debt of their mother or father, for example, if the childco-signed on a loan or is a joint account holder on a credit card .
Some collectors told Schmoll he had a moral obligation to pay his father's debts, since the borrowed money might have been spent on the family . Schmoll knew they were trying to exploit his desire . . .
Unpaid debt becomes the responsibility of the deceased person's estate . The trustee responsible for overseeing the estate first will use any assets in the estate to pay creditors—the parties to whom the debt is owed—before dividing up the assets among the heirs according to the deceased's will, if there is one .
Deceased Father's Debt by: debtcollectionanswers .com Sorry for the loss of your father . However, you need to know that you were not responsible for paying his medical bills . They were your father's, not your debts . Also, you are not responsible for paying his credit card debts .
Because a car loan is a secured debt like a home mortgage, it will be one of the first debts in line to be paid . If there is enough money, as much of the deceased's unpaid car loan will be paid during probate .
Although you're generally not responsible for paying credit card debt after a relative or loved one's death, there are some exceptions, including the following circumstances: You co-signed a credit card account with the deceased person . In this case, you would be responsible only for the debt on that particular card .
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Paying fathers debt

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