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Post by pealikecrazy on Oct 18, 2016 14:37:20 GMT
My co-worker, age 62, male, had a brother who died last week. His mom is 88. His brother was 60. Mom got deceased brother's mail yesterday. Credit card debt of $8,000.00. QUESTION: What do they do with that bill? Will they try to get the mom to pay? Surely not...right? I have no idea but I told my co-worker about "THE PEAS" and said I would try to see if anyone has experience with this. The deceased brother does not have a spouse.
Thanks in advance, ladies!
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Post by Zee on Oct 18, 2016 14:39:32 GMT
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Post by magentapea on Oct 18, 2016 14:49:05 GMT
My understanding is that debts of the deceased are paid from the estate, with the remaining assets going to the estate's beneficiaries. Debts do not transfer to the relatives of the deceased unless the relative is a cosigner on that specific debt.
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Post by mikklynn on Oct 18, 2016 15:01:22 GMT
If he has any assets, they go to pay debt. His mother is not responsible, unless she cosigned.
BUT, debt collectors will lie and tell her she is responsible. Make sure she does not agree to anything, even verbally.
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Post by Linda on Oct 18, 2016 15:04:33 GMT
My understanding is that debts of the deceased are paid from the estate, with the remaining assets going to the estate's beneficiaries. Debts do not transfer to the relatives of the deceased unless the relative is a cosigner on that specific debt. And if the estate can't pay the debts, then the debtors are out of luck. Notify the credit card company that the debtor is deceased - they may want a copy of the death certificate as proof - see if they need a certified copy (you'll pay for those from either the funeral home or the vital records office) or if they'll accept a photo copy (most will). If he didn't leave assets and/or the estate isn't required to go through probate - let the credit card company know that there isn't an estate to collect from. If he did leave assets that are going through probate -then the executor will need to handle the debts and payments out of the estate before anything is distributed to heirs |
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naby64
Drama Llama
Posts: 5,919 
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Post by naby64 on Oct 18, 2016 15:05:38 GMT
Well my mom, who has no control over her spending, keeps telling me that she can spend all she wants and when she dies the CC company(ies) will just write off that debt. My brother and I will not be responsible.  I have told her over and over that nope that is not correct. We will sell the house and those companies will get their money before we get ours. We will get the crumbs left over. |
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Post by littlemama on Oct 18, 2016 15:09:56 GMT
His assets go to pay his debts, in a specific order - the funeral costs come before all else. If there is not enough in the estate to pay the bill, whomever is acting as executor just needs to let the cc company know - don't let it go to collections, just call and tell them - they may need a copy of the death certificate, or they may look up the obit online.
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freebird
Drama Llama
'cause I'm free as a bird now
Posts: 6,927
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Post by freebird on Oct 18, 2016 15:50:45 GMT
what you own goes towards what you own. If he has more than $8k in assets, they have to be sold or cashed in to pay that bill. If he doesn't have anything worth $8k or more, then no one else can be held responsible for his bill and they will have to write it off. (unless they were a co-signer on the account)
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