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my dad passed away on friday. he has 3 credit cards with balances

1 Answers. Asked on Jan 03rd, 2017 on Trusts and Estates - New Jersey
More details to this question:
will his estate be responsible for paying these cards in full?
Answers Showing 1 out of 1
Answered on Jan 04th, 2017 at 10:47 AM

Estate debts are paid in a priority.  First, pay all of the expenses of the funeral, pay yourself back and fees you incurred for probate, or anything else, pay the attorney (if you had one) and then I would wait.  It will take some time before the final bills of last illness come in.   Usually the credit card companies will accept some pay down (as low as 1/3 of the actual debt).  Wait until you get further along in admininstering the estate to see what debts are outstanding and what assets are avaliable. 



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