Legal Question in Wills and Trusts in Kentucky
inherit debt
If my parents die without a will and are in alot of credit card debt can I or my siblings be held liable for their debt. I realize the creditors will come after any estate but if that isn't enough can we be forced to pay?
Thank You
Asked on 1/02/03, 4:09 pm
2 Answers from Attorneys
Martin Kasdan, Jr.
Martin Z. Kasdan, Jr., Attorney at Law
Re: inherit debt
As a rule of thumb, the only liability would be if the adult child and deceased parent were jointly liable before the parent's death (such as co-signing on a loan, etc.).
Answered on 1/03/03, 3:18 pm
Philip Owens
Philip M. Owens, Attorney at Law
Re: inherit debt
The heirs are not liable for the debt generally.
Answered on 1/02/03, 4:24 pm
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