Credit Card Debt of Parent
My mom and I bought a house togehter. My mom passed away leaving a $9,000 credit card bill. Am I responsible for paying this bill because I will not be selling the house but living in it. It is the only asset my mom had.
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Read More Answered By: Scott R. Jay |
Re: Credit Card Debt of Parent NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.
No. If both of you were on the deed as Joint Tenants with Right of Survivorship, it automatically passed to the surviving tenant upon the death of one (your mom). If it was not held as a joint tenancy, if it was your mom's homestead then her interest will pass to you upon filing of the necessary pleadings in probate without any liability for creditor's claims.
Scott R. Jay, Esq. |
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