Legal Question in Wills and Trusts in Illinois
Parents debts
If one parent dies are the children eepected to pay off all debt? If parents' do not have a will, life insurence, or any other type of estate are their children responsible?
Asked on 11/25/05, 6:41 pm
1 Answer from Attorneys
Zedrick Braden III
Ainsworth & Associates PC
Re: Parents debts
Hello. No. The children are not expected to
pay off debts of parent. However, an estate
should be opened to allow creditors to make
a claim against the estate. This is a 3 step
process. I will be happy to answer any related
questions.
Answered on 11/27/05, 5:11 am
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