George Pratt
07-29-2003, 09:48 AM
Hi. I'd like to find out something about credit card debt. If a single
person dies, can any relatives, such as a brother or sister, be held
responsible for paying their credit card bills? I read somewhere that
bills would be paid from the dead person's estate, but what if the bills
are higher then the value of the estate?
I'm in New Jersey, in case this is a subject that is regulated by state
law.
Thanks,
George
Brett Weiss
07-30-2003, 08:12 AM
> Hi. I'd like to find out something about credit card debt. If
a single person dies, can any relatives, such as a brother or sister, be
held responsible for paying their credit card bills? I read
somewhere that bills would be paid from the dead person's estate, but what if
the bills are higher then the value of the estate? I'm in New Jersey, in case this is a subject that is regulated
by state law.
Generally, family members are not liable for the debts of someone
who dies. If there isn't enough money in the estate to pay them,
the balance is simply uncollectable.
--
Brett
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The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the facts
and the law applicable to your situation.
************************************************** ***************
P.J. Hartman
07-30-2003, 08:12 AM
George Pratt <gep@yahoo.com> wrote in message
news:<l88divcgr9ubjtiaqtjtujv5fl2odil73d@4ax.com>... Hi. I'd like to find out something about credit card debt. If a single person dies, can any relatives, such as a brother or sister, be held responsible for paying their credit card bills? I read somewhere that bills would be paid from the dead person's estate, but what if the bills are higher then the value of the estate?
Unless the relative was a signatory to the account (joint holder) s/he
is in no way personally liable for the debt. That goes for anyone --
sibling, parent, child, etc.
