Legal Question in Wills and Trusts in New York

inheriting credit card debt through a will

I've inherited nearly 50-thousand dollars worth of

debt through my mother's Will. 30-thou is "mortgage"

debt, 20-thou is numerous credit card or "consumer"

debts. I'm looking to refinance in order to pay off

property liens, but can't afford to pay off credit

cards. What is my legal responsibilities to Sears,

Fleet Bank etc? Would probate court look at my effort

to pay 60-percent of debt as suff


Asked on 4/14/00, 12:44 am

1 Answer from Attorneys
Daniel Clement Law Offices of Daniel Clement

Re: inheriting credit card debt through a will

Debt cannot be inherited. However, to the extent the person died with sufficient assets to satisfy his/her debts, the debts have to be satisfied. You may want to consult with an attorney.

Daniel Clement

Read more
Answered on 4/24/00, 4:04 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in New York