Summary
In Colorado, debts of the deceased are usually settled from the estate. If the estate lacks sufficient assets, creditors may not pursue family members unless they co-signed or guaranteed the debt. Inform creditors of the death, provide a death certificate, and consult a probate attorney if needed.Full Conversation
my mother just died. we had a joint bank account with $* and she had sole bank account with $*. she has a bill for $*. do i have to pay it.
I'm sorry for your loss. In Colorado, typically, debts of the deceased are paid from the estate, not by individuals. Could you please clarify if there are any other assets in your mother's estate or if you are the executor?
there are no other assets. the other account has a beneficiary.
Thank you for providin**** those details. In Colorado, debts are typically settled from the deceased's estate. If there are no other assets and the sole bank account has a beneficiary, the estate may not cover the $* bill.
Would you like more information on how to proceed with the creditor?
yes
help me
what does it mean that the estate may not cover the $* bill
In Colorado, if the estate (all assets owned solely by the deceased) does not have enou****h funds to cover the $* bill, it means the debt may remain unpaid. Creditors cannot typically pursue you for the debt unless you co-si****ned or ****uaranteed it.
For further assistance, please let me know if you want information on dealin**** with creditors or probate court procedures.
how should I deal with the creditors
In Colorado, here are some steps you can take to deal with creditors:
- Inform the creditor of your mother's passin**** and that her estate lacks sufficient assets to cover the debt.
- Provide the creditor with a copy of the death certificate.
- If needed, consult with a probate attorney for further ****uidance.
Would you like information on contactin**** a probate court or attorney in your area for more personalized assistance?
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