debra_nebraska
Junior Member
What is the name of your state (only U.S. law)? Nebraska
My parents are in their 70s and will certainly die without a will. They have a home and other assets such as cars and an RV, all of which are mortgaged to the maximum. They have tax liens, bankruptcy and will certainly have many other creditors upon their death. Here is my question - as their child will I be legally responsible for managing their estate? Can I refuse? If the law holds me responsible, is there something I can do now to remove myself from this responsibility? I know that I would not be financially liable for their debts, but I do not want to deal with their assets or even any leftover inheritance after creditors are paid. What is my legal obligation? If no one else steps up to manage their estate will the courts hold me responsible?
My parents are in their 70s and will certainly die without a will. They have a home and other assets such as cars and an RV, all of which are mortgaged to the maximum. They have tax liens, bankruptcy and will certainly have many other creditors upon their death. Here is my question - as their child will I be legally responsible for managing their estate? Can I refuse? If the law holds me responsible, is there something I can do now to remove myself from this responsibility? I know that I would not be financially liable for their debts, but I do not want to deal with their assets or even any leftover inheritance after creditors are paid. What is my legal obligation? If no one else steps up to manage their estate will the courts hold me responsible?