A dead person in any state is not liable for debt. The deceased's estate is responsible for the debts to the extent there are assets in the estate to pay them.
The estate of the deceased is liable. If you inherit any money, property or valuables these should have been used to settle the estate. If there was no estate then you will need to show this to the IRS.
You should ask the attorney who is handling the estate. If it is a small estate there may not be any tax consequences either way.
Your mother's estate is responsible for her credit card debt.
The beneficiary is not necessarily responsible, but the estate of the deceased will go through probate. At that time, any outstanding loans or financial obligations will be paid from the estate. This will have the effect of reducing inheritance and will seem to be "you" paying for the debt, but it actually the last bill everyone pays.
No. The deceased person's estate is liable for any of the debts of that person, but heirs are not liable for debts if the assets in the estate are not enough to cover the debts.
A personal representative of an estate has no power until they have been appointed by a court. The court appointed personal representative of an estate has no right to "take" anyone's share for any reason. If there are issues regarding a beneficiary who owes a debt to the estate then the PR should ask the court what action should be taken. The PR is obligated to pay the debts of the decedent and distribute the assets according to the will or according to the laws of intestacy if there is no will. They act under the supervision of the court and will be held personally liable if they mismanage the estate or abuse their authority. They have no right to settle the estate by making their own rules. Each beneficiary must sign a release stating they have received their share and have no further claim against the estate.
The decedent's estate still owes the money, and that debt must be satisfied before the estate can be distributed. In the case of a surviving spouse, that spouse is equally liable for any existing debts. If the deceased's estate cannot cover the debt, the spouse must do so.
Depends upon the State of your mother's residence, and the beneficiary of her insurance policy. If the beneficiary was her estate, they might be able to recover the debt; if an individual was the beneficiary, unless that person was a cosignor of the debt, it is not likely they have any recourse. Have you checked to see if your mother's account had debt cancellation coverage? Best of luck. Rjbeeg
The sole beneficiary is entitled to any assets remaining after the estate has been probated and the debts of the estate have been paid.
Your son's estate is responsible for his debts unless you were a co-signer on any financial obligations. If you were a co-signer then you must pay the debt.
Any heir wishing to keep the house must pay off the debt. However, if no heirs desire to keep the property, then the estate will not be liable for a deficiency if the house is being sold under a trustee's sale. If the foreclosure is court ordered, then the estate and heirs can be held liable for a deficiency.