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Location: Moose Jaw, in between the Moose's butt and nose.
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Again, come after them, personally. Not the estate itself.
I've heard that as much as creditors threaten to sue, etc, if the kid's name wasn't on the debt or deed or tax, the creditor cannot legally do anything.
Has anyone gone through anything that proves me wrong?
Thanks.
My father died two years ago and I was his executrix. He had told me to "walk away" from everything since both my brother and I live in different states and would not be coming back to live there.
At first I did try to talk with his mortgage lender about selling his condo but they wouldn't even discuss it with me for six months. So I sent them the keys and his gate badge and told them they could have it.
A couple months later they tried to tell me I was responsible for his debt because I was on my father's accounts.
I flat out read them the riot act and told them I'd have an attorney handling my affairs if that's how they wanted to do it. I was not on his mortgage.
As long as you are not a co-signer to any account, you are not held liable for anything.
If you have no legal obligation, I.e. cosigner, then tell them to f*** off.. literally.
There is one exception, which I just learned of recently. If, like my mom, they are 'excused' from paying property tax on their home, etc., the heirs WILL have to pay all those back taxes when she is 'gone'. Other than that nobody else is responsible for any debts she may have.
There is one exception, which I just learned of recently. If, like my mom, they are 'excused' from paying property tax on their home, etc., the heirs WILL have to pay all those back taxes when she is 'gone'. Other than that nobody else is responsible for any debts she may have.
Then, I guess, whoever gets it will have to pay the back taxes. Mom called and checked on it when I told her about it. My brother gets the whole kit and caboodle...well, what's left of it...so it'll be his responsibility I guess. I don't think Mom's told him that yet though.
There is one exception, which I just learned of recently. If, like my mom, they are 'excused' from paying property tax on their home, etc., the heirs WILL have to pay all those back taxes when she is 'gone'. Other than that nobody else is responsible for any debts she may have.
I think this is pretty standard with most real estate...the purchaser has to pay any back taxes owed in many cases.
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