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Parent's debt

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atrixo | 22:28 Mon 10th Sep 2007 | Personal Finance
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If a parent dies and they were in a lot of debt, are their children then made legally responsible to pay this off to whoever their parents owed money to ?
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Avatar Image dzug
No.

But any assets the parents had will go first to paying off the debts.

Only when this has been done will the children get anything.
22:38 Mon 10th Sep 2007
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thanks for the reply dzug
20:21 Tue 11th Sep 2007

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Parent's debt

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