Legal Question in Wills and Trusts in Florida
What exactly is considered a deceased's ''Estate''?
My husband passed away in January 2006. He had two credit cards with about $7,000 being owed at the time of his death. These were accounts held only in his name and were not joint accounts. Everything that we owned, including our home, was jointly owned and all insurance, pension, etc. named me as beneficiary. How personally liable am I regarding payment of his credit cards since I'm not certain exactly what his ''estate'' consists of? Does his ''estate'' consist of everything that I've legally inherited or does ''estate'' mean anything not specifically named? I basically need to know my liability in paying off his credit cards. Thanks!
1 Answer from Attorneys
Re: What exactly is considered a deceased's ''Estate''?
His "estate" is everything he owned when he died, but only the assets going through probate (nothing, as you described the situation) are subject to his debts. You have no liability for his debts.
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