Do you have to pay a dead relative’s debts? #personalinjurylawyer #court #debts #estate #lawyer
Do you have to pay a dead relative's debts?
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Dead, Debts, Have, relative's
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I paid the cheque that was on my Father's desk when he died, but told everyone else to go fish.
I mean, are you obligated to direct the collector to such an administrator? The less I can do to help the banks destroy the world the better y'know
Tell them to fuck off
Why set up an estate instead of ignoring them?
If you're receiving an inheritance from someone it's probably a parent or grandparent, so ngl if that happened and I immediately start getting calls about debts, I'm gonna just become the joker.
we need a more in depth video about this. when I say we I mean me everyone else is just benefiting. ????.
Their debts, their problems. Not yours. Let them figure that out. The living are not responsible for the debts of past loved ones. Just ignore and block the calls, they can do nothing about it. If there is an estate, just refer them over to it and live your life.
Sucks to be you buddy, next time don’t loan money to a guy with few assets, a gambling problem, and a history of heart disease
Also, there's no legal enforcement saying you owe a dead parent's debt. Unless you agree to owing it, you legally don't because you didn't sign a contract or make an agreement of any kind.
Edit: In most states. And if the estate doesn't have enough money to pay the debt, you're not responsible for the difference in most states.
Just get a trust
I just bought a car, and when I was working with my loan provider, they had the gall to ask who I wanted to list, in the event of my death, so that they could collect the remaining amount that was owed on my car loan. I flat out told them, "the loan started with me and it'll end with me." They said they needed a name, so I just told them to put down my name twice as I was wheezing. They then proceeded to tell me that they're going to try to collect the money from loved ones in the event of my death, to which I responded, " yeah good luck with that." Anyways, I got my car now!
so why cant you just move assets in and leave the debt out so you dont lose money
What if the deceased had debts, but nothing in the estate as far as collateral to sell or give up to cover the debts? Can the collectors just be ignored? Because the original debt has already been payed by the debt collectors buying the responsibility from the institution the debt was originally owed to