QUESTION
If my grandma dies, is my family responsible for her debts?
Asked on May 20th, 2014 on Bankruptcy - Louisiana
More details to this question:
My grandmother had a huge debt, $200,000. When she died, I was informed that my family was now responsible for that debt. I was curious as to whether or not this is true or not.
1 ANSWER
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If you open her estate and accept it, you would accept both the assets and the liabilities. Otherwise, if it was her soul debt and you did not guarantee it you would not be responsible.
Answered on May 22nd, 2014 at 9:07 PM