Legal Question in Credit and Debt Law in New York

A passing

My mom and I have a savings account together. It is the only thing she has. She also, has a few debts, credit cards about 8k. If she passes, what happens to her debt?


Asked on 3/21/08, 9:16 pm

1 Answer from Attorneys
Debra Palazzo Law Offices of Debra Palazzo, LLC

Re: A passing

Her debts get paid from any assets/money she has in her Estate (not joint bank accounts). You are otherwise not liable for her debts.

Make sure she doesn't pass leaving a bank account solely in her name or some other asset.

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Answered on 3/22/08, 10:45 pm


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