Am I going to be held responsible for the debt of a deceased parent even If I had no say in their finances?

I live in ontario, canada,

If you are executor of their estate, then yes, you will have to satisfy their debts from the assets of their estate before you or any others may inherit. Should their debts be greater than the assets of their estate, however, you are not responsible for paying the difference from your own assets.

NO!!!. as long as you dont sign nothing stating you will pay, your clear. and besides most debts are cleared upon death

In America, a person can not be responsible for the actions of others, even their parents. Unless you cosigned on loans, there is nothing they can do.

I would assume Canadian law would be very similar.

NO, These things are usually taken care of by the will they laid out if they had one or if they have a house etc............Don,t stress out on that if you did,nt sign anything.

Well, first of all, you're in Canada. Here in the US, if a Parent die with debt left behind, the Gov't usually starts with their insurance benefits. if no insurance, they go after the deceased estate. then other assets to liquidate, until the debt is covered. what would hurt is, if some1 lives with that deceased parent, and the gov't takes the house for liquidation, then that some1 has no choice but to step out. so plan ahead, have a lawyer/attorney do some estate planning and wills to keep your family secure.

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