A: No you are not! In California, the creditor’s of a decedent are paid first out of the decedent’s remaining assets before any distributions are made to heirs. In other words, although you won’t be receiving any inheritance from your mom’s estate, you will not have to personally pay any creditor’s out of your own pocket.
Q: My mom recently died with more debts than assets. Am I personally liable to pay all of my mom’s debts now?
- Q: I was adopted when I was 2 years old and I just found out my biological father died without a will. Am I entitled to any portion of his estate now?
- Q: I have been living with my girlfriend for 24 years, but we’ve never gotten officially married. Will my assets automatically pass to her upon my death?
- Q: How is having a living trust like using GPS on your phone to drive somewhere you’ve never been to?
- Q: Should I create a special needs trust for my child who is receiving government benefits?
- Q: Do I still need an Estate Planning Attorney if I only have one child and everyone knows everything gets left to them?