Debts of deceased
The father died leaving all assists to the son who is also the executor of the estate. The father put the son on his bank account as a cosigner but he was the primary owner. The son spent all the monies in the account without paying off the credit card bills of about $8,000- There still is a home that is for sale. Can the bank charge the son with fraud for spending the cash?
Re: Debts of deceased
No, but the estate's debts are to be satisfied out of the assets of the estate, so the credit card companies may file a claim against the real property to be sold.
Re: Debts of deceased
No, but the estate's debts are to be satisfied out of the assets of the estate, so the credit card companies may file a claim against the real property to be sold.
