Legal Question in Wills and Trusts in New Jersey
My father recently passed away. He left his "estate" to me and my siblings. He owes way more than his house is worth and over $30000 in other debt. After paying for his funeral there is no money left to pay any of his bills. Can the bank or other creditors come after me for his debts as the heir to his estate?
2 Answers from Attorneys
the genral rule is that the heirs of the estate are not liable for the debts of the deceased unless there are unusual circumstances. In order to provide you with an accurate answer we should sit down and revoew all documentation.
I agree with Larry. My best suggestion is to sell the house, making compromises with the creditors. This is a response to an Internet question and the reply is not intended to be legal advice or as creating an attorney-client relationship.
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