Legal Question in Wills and Trusts in Ohio
once my father is gone
Once my father is deceased will his credit card debt be taken from his estate. He dosen't have much but will the debt be taken from his proberty? Thank you ''Losing both parents in OHIO''
Asked on 7/15/03, 2:23 pm
1 Answer from Attorneys
Re: once my father is gone
Creditors have the right to file a claim against probate assets. These are assets which are in your father's name only. If he has a named beneficiary on the asset or it is Payable on Death or joint with another person, those assets are non-probate assets and not subject to general creditors' claims. An insolvent estate will extinguish those claims. Call us if we can help.
Answered on 7/15/03, 2:41 pm
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