Who is legally responsible for medical bills?
Normally, if you’re 18 or older, you’re considered the responsible party, even if you’re insured under your parents’ policy, Gundling said. Under the Affordable Care Act, parents can keep their children up to age 26 on their insurance policy, even if the adult kids are financially independent and live on their own.
Does medical debt pass to next of kin?
But check state law. Close to 30 states have what’s known as “filial responsibility” statutes. Those require adult children to pay for a deceased parent’s unpaid medical debts, such as those to hospitals or nursing homes, when the estate cannot. Mortgage debt: Inheriting a home with a mortgage is a very complex issue.
Is a spouse responsible for medical bills after death in Ohio?
Ohio law requires spouses to provide necessary items and services to each other. If there is no surviving spouse, children or other next of kin will not be personally liable for the deceased person’s medical expenses.
Who is responsible for medical bills after spouse death?
Deceased Spouse’s Debt in Community Property States Generally in community property states, debt incurred by a spouse for the benefit of the family is considered a “community” debt, and therefore the spouse is responsible for repaying that debt.
What gets paid first from an estate?
The estate’s beneficiaries only get paid once all the creditor claims have been satisfied. Usually, estate administration fees, funeral expenses, support payments, and taxes have priority over other claims. All creditors in a certain group must be paid before creditors in the next priority group can be paid.
How long does it take to settle an estate after death?
The minimum time to finalise an estate is six months from the date of death, even for a simple estate. Most estates are finalised within 9–12 months, however there are many factors that effect this time, including: if there are difficulties locating beneficiaries. delays with selling assets such as real estate.
What if there is not enough money in estate to pay creditors?
If there is enough money in the estate, the executor pays off the debts owed to those creditors using that money. If there is not enough money in the estate, the executor will sell property and use the money from the sale to pay the debts.
What happens to a house during probate?
Ultimately, what happens to a home in probate varies from state-to-state but generally one of two things will happen: survivors of the estate will inherit the property or the house will need to be sold through probate court. Beneficiaries may be responsible for capital gains tax if the home in probate goes up in value.
How quickly can probate be done?
between 4-10 weeks
Can an executor refuse to sell a house?
Providing there’s no joint owners that are refusing to sell, yes. When the executor is dealing with the last will and testament of the deceased, the responsibility of what to do with the house falls upon them.
How long does executor have to sell house?
If probate has been opened for a property, the timing has to do with getting the house sold before probate has been closed — and that will be different for every estate. “The sale of the home needs to be done before probate is closed, but there’s no fixed timeframe — it could be two months, six months, or a year.