Legal Question in Wills and Trusts in Wisconsin
debts of the deceased
Am I legally responsible for my deceased mother's debts? Her assets included one checking account of $200 and one savings account of $40. She did not own a car or house - she rented an apartment. She has many debts - charge cards, medical bills, pharmacy bill. There was a life insurance policy left to me - that will cover burial and cemetary with little left over. What is my legal responsibility? Do I need to hire a lawyer for such small assets to debate?
Thank you.
1 Answer from Attorneys
Re: debts of the deceased
You are not responsible for your mother's debts
unless you co-signed for her or guaranteed them.
Her estate is now liable. That means that no assets
may be distributed to anyone until her bills are
paid. There is a priority as to which bills get
paid first. If the life insurance is payable to
a named beneficiary, it does not go through her
estate. Consequently, you may use that money to
pay her funeral, etc., which you probably did have
to sign for.