Legal Question in Wills and Trusts in Ohio
who pays off credit cards?
Who pays off loans, credit cards and other debts in case of a death of a loved one? is it power of attorney or Executer of Estate?
Asked on 1/03/02, 9:07 pm
3 Answers from Attorneys
Joseph Jacobs
Jacobs & Lowder
Re: who pays off credit cards?
THE EXECUTOR
Feel free to call me directly if you have any other questions.
Joe Jacobs
216-227-0900
Answered on 1/04/02, 12:05 am
Gregg Manes
Gregg A. Manes, Esq.
Re: who pays off credit cards?
The executor pays off the debts with probate assets pursuant to court order.
Answered on 1/06/02, 2:51 pm
Re: who pays off credit cards?
The Estate is responsible to handle all of the debts of the decedent. The Executor is the agent for the Estate when appointed by the probate court. The power of attorney ceases to be effective as of the date of death. Feel free to email or call me if you have further questions.
Answered on 1/04/02, 1:58 pm
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