After parent dies
When a parent dies who assumes the debt that such parent has accumulated on credit cards?
Asked on 1/02/07, 5:46 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: After parent dies
Depends on whether there are assets to satisfy debts. Is there a will? Are there probate assets (real estate, accounts NOT in Joint Account status)?
In many cases such CC debts are written off if not paid within 30-60 days of death. Call or email for more assistance.
Answered on 1/02/07, 5:55 pm
