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Getting calls for the estate of, coming from credit card companies
Asked on October 30, 2018 under Estate Planning, New York
Answered 6 years ago | Contributor
No, a parent is not responsible for an adult child's debts unless they are a joint account holder or guarantor of a debt. That having been said, to the extent that there is money in the estate, it will be liable for payment to creditors. If there is not enough money to satisfy all debts, then they will extinguish as a matter of law. Heirs cannot be held liable.
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