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Until they reach the age of majority. In most places that is until the age of 18. After that the kids are on there own.
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∙ 13y ago
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Is a parent liable for childrens debt?
It depends on the age of the child. If they are minors, they shouldn't have debt, as they are unable to contract. If they are over 18, the debts are not the parent's responsibility unless the parents co-signed. The estate should be set up to resolve the debts.
Can you be held liable for your parents debts?
Generally, no. Not unless you agreed to be responsible and signed an agreement to that effect.
Who is responsible for childrens medical bills?
It depends partially on the age of the children. If they are not adults, the parents are responsible. If the children are above the age of majority, and not on their parents' insurance, they should be responsible for their own debts.
Is a personal representative liable for the decedent's debts when there is no estate?
The personal representative is not responsible for the debts. The estate pays the debts.
Is it a law that a parent be responsible for their childrens wrongful acts in Texas?
It's a general legal principle everywhere that parents are held liable for the actions of their minor children.
When a person dies is the remaining daughter responsible for the debt of credit cards?
No. The deceased person's estate is liable for any of the debts of that person, but heirs are not liable for debts if the assets in the estate are not enough to cover the debts.
Your daughter died a few weeks ago are you responsible for her debts?
I am very sorry for you loss. Parents are not supposed to bury children. It is very unlikely that you are responsible for your daughter's debts unless she was a minor or you had guaranteed those debts. If, for example, you co-signed a car or apartment, you may be liable for those debts.
Is an incorporated company liable for its business debts?
yes
Is the estate liable for the debt on a surviorship deed?
The estate is liable for the obligations of the deceased. They would have to settle the debts.
Are adult children liable for the debt if a parent files for bankruptcy?
No, if the adult children are not joint debtors they are not responsible for their parents debts. If they are joint debtors the parents' debts could be discharged in BK leaving the adult children who were not a part of the BK procedure open to the recovery of the debt(s) by creditors.
Can my spouse be liable for my credit card dept?
Nope.... your debts are YOUR responsibility.
Is the executor of the estate liable for mortgage if foreclosure?
The executor is not personally liable for anything. The estate is liable for all of the debts. If the executor is going to inherit anything, there may not be anything for them to get.
