Will I be responsible for my deceased brother's debt if I inherit his retirement fund?
Full Question:
My brother recently died without a will. My brother and I are the only relatives left. (My living brother is someone who would not want his name on any document--anti establishment, government person.) My dead brother had a lot of debt and no insurance and the last month of his life he spent in the hospital. The social workers were able to get him on disability because he was so ill for so long. The only money he had is a small retirement of $36,000 and had my (deceased) father as beneficiary. When I send them the death certificates and put my name on the retirement will, I then be responsible for all the debt he had? And if I am responsible, can I take my money for the funeral and all first?
05/14/2007 |
Category: Debts and Credit |
State: Wisconsin |
#4657
Answer:
Generally, the property inherited by a relative will not be subject to paying the debts of the deceased unless there is a lien attached to the property.
