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INC
INC, Solicitor-Advocate
Category: UK Immigration Law
Satisfied Customers: 11614
Experience:  LL.B, Pg.Dip, LL.M, M.B.A (Pending), Solicitor-Advocate. UK Practising Certificate issued by SRA., DIFC Courts Registered (Dubai)
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if i pass away suddenly, would my children be responsible for

Resolved Question:

if i pass away suddenly, would my children be responsible for my credit card debts??
Submitted: 5 years ago.
Category: UK Immigration Law
Expert:  INC replied 5 years ago.

Hi,

 

Thanks for your question.

 

If you were to pass away suddenly, your children would not be responsible for your debts as such.

 

If you were to pass away, your debts would be recovred from your estate. Thus, the executors would have to repay any outstanding debts upon your demise. After payment of debts and funeral expenses, the remainder of yoru estate will be divided in accordance with your Will. If there is no Will, it will be administered in accordance with the rules of intestacy.

 

I hope this answers your question. If so, kindly click accept.

 

If you wish to discuss, please feel free to ask further questions.

 

Kind regards,

INC and other UK Immigration Law Specialists are ready to help you

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