• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

assumption of debt after death

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

K

kiddo77

Junior Member
What is the name of your state? Maryland
If debt of deceased is more than what estate is worth do children or spouse of the deceased assume this debt? :confused:
 


G

GaAtty

Member
GAAtty

Nobody does. The estate pays the debts of the deceased. If there is not enough in the estate, the creditors are out of luck.
 
I

I AM ALWAYS LIABLE

Senior Member
GaAtty said:
Nobody does. The estate pays the debts of the deceased. If there is not enough in the estate, the creditors are out of luck.
Click to expand...
My response:

. . . unless one of the survivors is a signatory to the contract. Then the debt falls on that person's shoulders.

IAAL
 
You must log in or register to reply here.

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top