Legal Question in Credit and Debt Law in Illinois
If you are the trustee for a elderly parent who has debt, do you have to pay off their debt if they pass away?
Asked on 10/15/12, 9:42 am
1 Answer from Attorneys
Jonathan Shimberg
Shimberg and Crohn, P.C.
Only out of the trust assets. You are not personally responsible for the deceased debt's unless you previously agreed to pay them.
Answered on 10/15/12, 12:37 pm
Related Questions & Answers
-
Can collection companies charge interest on to of collection fees Asked 10/03/12, 5:07 pm in United States Illinois Credit, Debt and Collections Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
