What is the name of your state? Texas
My father passed away and we cannot find a will. I am the only living heir and he has more debt than assets. My question is I would have to probate because he has more debt than assets and then a judge would determine which creditor got paid what. I will not see any of this money due to this reason so what would be the point in paying an attorney $2000 of my money just to pay of my Dad's bad debt? What happens if nothing is done? I know legally I am not liable for my Dad's debt, but I am receiving his mail now because there was no one else to do it. What happens if I leave the bank account alone since that is all he has? He owes so much to people and I don't know if I get penalized for not probating this.
My father passed away and we cannot find a will. I am the only living heir and he has more debt than assets. My question is I would have to probate because he has more debt than assets and then a judge would determine which creditor got paid what. I will not see any of this money due to this reason so what would be the point in paying an attorney $2000 of my money just to pay of my Dad's bad debt? What happens if nothing is done? I know legally I am not liable for my Dad's debt, but I am receiving his mail now because there was no one else to do it. What happens if I leave the bank account alone since that is all he has? He owes so much to people and I don't know if I get penalized for not probating this.
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