Legal Question in Wills and Trusts in Texas
Question about Debt
My question is about debt. My father has alot of debt(automobiles and credit cards but no home mortgage) and is 80 yrs old and in poor health(cancer). He is married(to my stepmom) and insists that everything that is in his name only will not be passed onto his wife after he dies. I know he has a will and the will states that everything he owns is to be divided between my brother and I. I am really concerned for my stepmother and myself. We live in Texas. What will happen to that debt when he dies? Will it be passed onto my stepmother or my brother and I?
Asked on 3/19/06, 10:44 am
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Question about Debt
Neither. The debt will be a debt of your father's estate, and will be paid for out of the property of the estate.
Answered on 3/19/06, 1:13 pm