Legal Question in Wills and Trusts in New Jersey
Am I responsible for my parents debt if they pass way with no assests? They left me a house with no value and many bills.
Asked on 11/16/12, 6:30 pm
1 Answer from Attorneys
Ronald Cappuccio
Ronald J. Cappuccio, J.D., LL.M.(Tax)
No, you are not responsible for the debts. If you are the administrator of the estate, you should contact a tax and estate attorney to help you sort through this.
I hope this helps
Ron Cappuccio
www.SaveYourEstate.com
Answered on 11/16/12, 6:41 pm
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