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Texas estate no will

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mickib

Junior Member
What is the name of your state (only U.S. law)? Texas

I read on your site that life insurance policies and pensions are not included as assets in an estate that is probated. Since my father's estate may not have enough assets to offset his debts, will my brothers and I be responsible for any remaining debt?
 


seniorjudge

Senior Member
Q: Since my father's estate may not have enough assets to offset his debts, will my brothers and I be responsible for any remaining debt?

A: No, you cannot inherit debt. That was abolished in the late 1700s; it was in all the papers.
 

mickib

Junior Member
Since my father had accidental death insurance on his mobile home, car, and motorcycle (he was killed on it), on 3 separate policies, I realize that the assets will be paid for with money left over from the auto's to help cover his debts. Since one of his largest debts is property taxes owed on his land, and there won't be enough money left to pay them in full, will we be required to sell the home and or vehicles to pay off the land?

I had planned to keep the car - as my father wished, and my brother wants to keep the motorcycle...

Than ks in advance.
 

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