Legal Question in Wills and Trusts in Louisiana
My father passed and left behind a lot of debt.If his kids do a succession will we be responsible for his debt ?
Asked on 12/20/09, 6:45 pm
1 Answer from Attorneys
James Maguire
James G. Maguire, Attorney At Law
Yes, but only up to the value of his assets. You will not be out of pocket.
Some expenses, such as funeral costs and medical bills, are privileged, and are paid before the ordinary creditors, like credit card debts, are paid.
Answered on 12/25/09, 7:15 pm
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