My question involves estate proceedings in the state of: IL or NM
The situation is an adult married child is concerned that they will have to assume their divorced parents debts after the parents death. Nothing is in the child's name. The parent is in considerable debt which clearly exceeds the value of the estate. Is there any reason for concern? The child is now in IL and the parent is in NM, but the parent may sell house and move to IL. Thank you.
The situation is an adult married child is concerned that they will have to assume their divorced parents debts after the parents death. Nothing is in the child's name. The parent is in considerable debt which clearly exceeds the value of the estate. Is there any reason for concern? The child is now in IL and the parent is in NM, but the parent may sell house and move to IL. Thank you.
Estate Assets and Debts: Can Adult Inherit Parents Debts
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