If a parent dies and the children are still living in the house, are they responsible for a credit card debt ($8000)?

Similar questions: parent dies children living house responsible credit card debt $8000.

Only if they co-signed for the credit card. Only if their names are somehow associated with the credit card application, probably as co-signers. If not, then the debt is the responsibility of the "estate" of the person who died.

The exectutor of the person's will, or whoever the court appoints as an executor if the person had no will, is who the credit card company will have to contact to get the balanced paid off. Now, if the house is in the dead person's name, then the executor may end up having to sell the house to pay the debt. In which case, I suppose the children, who might be living there or who might have expected to inherit the house, would be negatively affected by that debt.

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Question unclear. Is there a remaining parent around? Whose credit card debt is it?

Who are you asking is responsible for it? If the debt was of the deceased, the debt gets paid from their estate, the rest of the estate of course goes to the inheritors. Living in the house has nothing to do with inheritance or debt.

Debt cannot be inherited.

Generally, no. This is one of those situations where you should use an Attorney who can handle this for you. Using an Attorney is important in preventing the card or other credit issuers from placing liens on property of the deceased..

If the property was not transfered before death, or the property was not owned jointly by all parties with right of survivorship, then the house will be considered part of the estate and probate will offset the debts against the assests, and this may require the sale of the home, and then taxes will be deducted prior to distributing the remaining assets to the heirs.. Hopefully this is not the case. Even so, debtors have a vested interest the the deceased's estate. Hopefully the will was drawn up to keep them from getting too much.

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You aren't on the hook for the debt, your parents are . . .

And your parents' estate. Thus, if your parents owned a house, those whom they owe money may attache a lien to the house and prevent its property transfer until their debt is paid out of its value, including selling the house for $8,000 to get their money back. Debts only disappear at death when the debt really have not with which to pay..

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