Legal Question in Credit and Debt Law in Guam
Estate Claims
Can you please provide a reference for what happens to debts when a person dies. Assume a parent dies. Are his/her children required by law to pay the debts that he/she accumulated while he/she was alive?
Asked on 3/10/08, 11:54 am
1 Answer from Attorneys
Terrence Brooks
Terrence M. Brooks P.C.
Re: Estate Claims
Children are not generally required to pay the debts of a deceased parent unless the debt is also theirs, for instance if they bought a car together and their names are both on the contract. However, if the parent owned property, either real or personal, the creditor can try to get paid from the property owned by the parent. Normally, the creditor would make a claim against the Estate of the deceased parent.
Answered on 3/10/08, 4:56 pm