Regarding a legal will. is the inheritance issued AFTER the decease's outstanding debts are paid?

Two people are named to inherit from a will. One person got power of attorney to pay bills during the father's few recent hospitalizations. The person is now back at home but this person continues to keep the checkbook and is using those monies and the father's credit cards for their own use. Something tells me they are getting their inheritance up front. If the father passes away with a bunch of credit card debt, how will that be handled?

rafferty2013-11-20T03:51:52Z

Favorite Answer

The estate settles the deceased debts first.

10

?2013-11-20T11:52:17Z

Any money gets paid to the bills first, whatever is left goes to the heirs.

There are a lot of inheritance taxes. It's generally better to give things away before you die.

10

Related Questions

If a person dies with outstanding debts, does the family inherit the debt?When a married person dies and has debt in their name ONLY . Does the spouse have to pay the outstanding debt?Inheritance and outstanding debts of deceased?Legal question regarding inheritance-?Do beneficaries have to pay for outstanding cred card debt of deceased?

Trending Questions

If the prosecution calls a witness who directly contradicts other witnesses they've called, shouldn't that be enough for reasonable doubt?15 answersSince when is coughing on some one assault? Can you explain this backwards screwed up society?12 answersWhy gun laws only affect law abiding citizens?15 answersCan 17 year olds do anything they want ?15 answersCan you work in another state and claim unemployment?10 answers