Legal Question in Credit and Debt Law in Virginia
question for ya
my estranged father passed away
recently, and a former girlfriend of
his was named beneficiary to his ira
and life insurance policies. my
question is who is responsible for all
of his debt, me? next of kin? and if i
am responsible can i sue the former
girlfriend for the funds she is
receiving to pay for the debt?
thanks
Asked on 3/03/07, 6:42 pm
1 Answer from Attorneys
John Jackson
Law Office of John A. Jackson, P.C.
Re: question for ya
You should not be personally liable for your father�s debts. His estate is responsible. This means, for the most part, that the creditors get the first crack at any probate assets a person leaves behind at death. However, IRAs and life insurance policies are not subject to probate.
Answered on 3/03/07, 7:40 pm