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| Wills, Trusts, Estates Wills, trusts, estates, gift tax planning, etc. |
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Mar 19th, 2008, 09:02 AM
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#1 |
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help
father has passed away,left no will,left many bills behind and no money to pay them,are his grown children responsible to pay them,
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Mar 20th, 2008, 05:47 PM
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#2 |
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Re: help
no--only his estate his liable to the extent any assets exist
otherwise the creditors lose out |
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Mar 20th, 2008, 05:58 PM
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#3 |
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Re: help
Any creditors will be able to apply for funds out of the sale of assets. If there is any home sale etc that makes up part of the estate, creditors can recover when the estate goes into probate.
aee |
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