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no will, leaves house, lots of debts

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L

L. Goode

Guest
Mother dies leave no will, house worth $40,000, left debts worth $45,000, do I have to pay all debts before children get share?
 


I AM ALWAYS LIABLE

Senior Member
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by L. Goode:
Mother dies leave no will, house worth $40,000, left debts worth $45,000, do I have to pay all debts before children get share?<HR></BLOCKQUOTE>

My response:

You are not obligated under any law to personally pay for your mother's debts - - "The sins of the [mother] are not visited upon the [daughter]" (Or something like that). However, your mother's "estate" IS liable for the debts. You need to see a Probate Attorney to have these matters looked into for the sake of the heirs to your Mom's estate. For example, any two of the creditors whom are owed $5,000.00 or more can Petition the Probate court, open a Probate and Estate proceeding, and then force the Estate into Bankruptcy in order to have your mother's property and other effects seized (jewelry, furniture, etc.) and sold in order to pay down the debts of all the creditors.

See an attorney today.

IAAL

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