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Guest
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 Posted: Tue Feb 10, 2009 5:50 pm Post subject: Credit card debt of deceased spouse. |
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| One card in his name only, unsecured visa card. State of Califonria. No estate; no shared income; no shared credit. |
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 msnover92571
Joined: 10 Feb 2009
Posts: 145
Location: California
0.45 Dollars($)
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| Posted: Tue Feb 10, 2009 5:52 pm Post subject: |
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| Yes and what would you like to know about this? I need a little bit more information. Thanks |
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sara
Moderator
Joined: 05 Jul 2006
Posts: 1679
Location: New Brunswick, New Jersey
315.05 Dollars($)
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| Posted: Wed Feb 11, 2009 6:20 am Post subject: |
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Hi guest,
If the deceased person's spouse is not a joint owner but an authorized user on the credit cards, then she is not responsible for the debt. The personal representative of the deceased person's estate is responsible for the debt payment.
The individual accounts of a deceased person do not pass away to his spouse by way of ownership. They can be passed on to the spouse if it is mentioned so in the Will.
Take care |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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| Posted: Mon Sep 14, 2009 12:20 pm Post subject: |
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thanks to sunny's link, i came upon this discussion. sara, i am surprised to see that "they can be passed on to the spouse if it is mentioned so in the will."
i'm not surprised to see things mentioned in wills, but i am perplexed as to why a decedent would want to saddle his or her heirs with individual debts. i sure hope not!
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George M. Akerley
Loan Consultant
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1737
36.13 Dollars($)
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| Posted: Mon Sep 14, 2009 6:08 pm Post subject: |
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| I am nto sure what happned to the link I posted |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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| Posted: Tue Sep 15, 2009 6:26 am Post subject: |
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but it was on another discussion thread, perhaps? i don't remember now, sunny.
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George M. Akerley
Loan Consultant
860-221-5044 |
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jheard
Moderator
Joined: 12 Dec 2007
Posts: 599
Location: Houston, TX
98.69 Dollars($)
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| Posted: Fri Sep 18, 2009 7:30 am Post subject: |
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You cannot pass a debt by will unless the receiving person assumes it.
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Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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| Posted: Fri Sep 18, 2009 11:34 am Post subject: |
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thank you once again, voice of reason, coming all the way from houston. your wisdom is sorely needed.
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George M. Akerley
Loan Consultant
860-221-5044 |
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thewretched02
Joined: 23 Jun 2009
Posts: 115
23.90 Dollars($)
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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| Posted: Sat Oct 24, 2009 6:28 am Post subject: |
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it's always good to review this theory. it may just be my proclivity, but i truly enjoy reading the column written by Sandra Block in USA Today, and yesterday's column (10/23) was about wills and estates, but touched on the debts of deceased persons.
though the quotes are discussing a deceased parent, rest assured that this situation would would be the same for siblings, etc. with spouses, of course, there may be additional liability for a bereaved party due to joint obligations (but that's another discussion for another day).
as always, i trust that this will be helpful to someone.
[System detected duplicate content, converted into image. Thanks.]
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George M. Akerley
Loan Consultant
860-221-5044 |
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