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Mom lived with us in a bedroom in our Kentucky residence, she passed away @ the age of 90, leaving a credit card debt of over 20K. The cards were only in her name, she had a funeral policy and a small insurance policy and owned a car. The funeral policy was used pay for expenses incurred, and loans that we had to get to pay for the burial. Her will states that her son should pay her debts, but finances don't allow that. The only asset she had was the car, which we plan on keeping for a while. I was told that a lien will be put on the car, because that is an asset. What else can happen?

dipaligopale · Joined: 25 May 2010 Posts: 790 22.70 Dollars($)

Hi Dee,

Welcome to Mortgagefit,

Most of the credit card debts are unsecured...So at the max.they will put a lien on her credit and on her property....This only means that the car can not be sold but it can be used.....

Even if you wish to pay the debt make sure you sell off the car and pay the cash to the credit card company.Apart from this I don't think you are liable to anything...

I do not think you will be in trouble in any case...

Feel free to ask any further query if you have
DIPA

gmakerley · Posted: Mon Apr 04, 2011 9:37 am Post subject:

Descendents are not responsible for the debts of a deceased person. If there's a lien on her automobile, the lender could take possession to try to satisfy that debt, but that's not your responsibility.

You do not need to concern yourselves with the credit card debt. You are not liable to pay that, and if the lenders tell you otherwise, that's a big lie.

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