Legal Question in Credit and Debt Law in Iowa

After parent dies

When a parent dies who assumes the debt that such parent has accumulated on credit cards?


Asked on 1/02/07, 5:46 pm

1 Answer from Attorneys
David Anderson Anderson Business Law LLC

Re: After parent dies

Depends on whether there are assets to satisfy debts. Is there a will? Are there probate assets (real estate, accounts NOT in Joint Account status)?

In many cases such CC debts are written off if not paid within 30-60 days of death. Call or email for more assistance.

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Answered on 1/02/07, 5:55 pm


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