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If My Mom or Dad Dies, Will I Inherit Their Debts?

Video Script Below

If Mom or Dad dies, do I inherit their debts? I’m Steve Kramer. I’m a Florida estate planning and probate attorney. And people often have questions about what happens once their parents die. Do they inherit their parents’ debts? And the answer is debt doesn’t really pass from your parents to you. Now, what does happen is if your parents go through a probate, creditors can come in and they can claim a piece of the estate. So if your parents had assets, well, the creditors can take some of those assets away. But you don’t inherit the debts themselves. And it’s, you know, potential that, you know, your parents might have a $100,000 dollars in assets and $200,000 dollars in debts. Well, you know, at the end of the day you might not inherit anything because there were more debts than assets but you don’t owe anything. Now the only kind of exception to this is let’s say if your parents owned a house and that house has a lien on it. Well, you know, in that process you would inherit the house, but you’d also inherit the house with the debts that are on it. So that would play a role. But you know, you don’t have to do that. You don’t have to accept that, you can refuse the property if that was in your interest. And that’s important to know because a lot of people are confused about the estate planning and probate process, and they have questions about it, and I deal with this stuff all the time, day in day out. And if you need any help with this or any other legal issue, I’m ready to help. That’s why we’re one firm for life. We’re ready to help with anything. So give me a call, pick up the phone. Thanks for watching, I’m Steve Kramer.

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Call 855-Kramer-Now (855-572-6376).

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The Orlando divorce lawyers at TK Law are deeply committed to the individuals and families they serve. We are here to help you resolve each legal concern so you can regain control and move forward with your life. You will also have a steadfast, accomplished advocate in your corner to fight for what matters most if a dispute goes to trial.

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Diance C
Feb. 2025
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I had the pleasure of hiring Ms.Gastell for my divorce. I was kept informed at all times of any information relating to my case. Ms. Gastell worked deligently and was always ready to listen and help with any my concerns during a very difficult time in my life. I highly recommend TK Law PA.
John M.
Oct. 2024
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My wife and I finally took the steps to start the estate planning process as we are not getting any younger and we didn't want to leave a mess for our daughter to have to clean up. We have witnessed this far too many times of the last few years, as relatives have passed away only to watch the circus play out afterward. TK Law provided a wonderful experience from start to finish. Everyone at the office that I had the pleasure of working with was extremely professional and got back to me in a timely manner with any questions that I had. My wife and I really appreciate all the hard work and are very thankful to get all our estate planning needs met. We now have the peace of mind that we have done all that we can to minimize any issues after we pass.
JD
Sept. 2024
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On August 7, 2020, I was fortunate TK Law Firm was suggested as the first option for Divorce and Family Law. I was blessed to be represented by Ms. Janelise Gastell and TK Law Firm Support Staff. Ms. Gastell has the qualities and standards of integrity, ethics and loyalty. Ms. Gastell's dedication and determination resulted in positive results. Ms. Gastell challenged me to put in the same amount of effort. The end result was the divorce being finalized on September 4, 2020. Four years later, the money spent was an outstanding investment. The financial investment was an integral part of moving forward in my life. This included my well being mentally, physically, emotionally and spiritually. If potential clients are searching for excellent Divorce and Family legal representation. My recommendation would be Attorney Janelise Gastell. Thank You.
Benjamin C.
July 2024
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TK Law is highly recommended for anyone seeking legal representation. They combine exceptional legal expertise with a client-centered approach, ensuring you receive the best possible outcome. Throughout my case, Attorney Gastell and Paralegal Kayla consistently demonstrated unparalleled expertise. They were patient, persistent and dedicated to protecting my interests to ensure a positive outcome. #onefirmforlife
Carmen D.
Mar. 2024
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I give this law firm a 5 star. Ray and Janelise helped us with our probate issue and made the process a lot easier for us to finalized all of it. We're very thankful to this law office and recommend them for any legal issues.Thank you Janelisse and Ray and the entire office .
Chris O.
Dec. 2023
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This was first experience hiring a law firm and I am very happy that I hired TK Law. My attorney Janelise and Paralegal Kayla were kind, knowledgeable and made the process easy. They were quick to respond when I needed revisions to my document and the final outcome was perfect. If I ever need legal help in the future, I will not hesitate to contact TK Law again.
Lisa L.
2023
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The divorce process is never easy, but everyone one at TK Law made it as easy as possible. Kayla Johnson, my paralegal was always available, helpful and understanding of the situation. Attorney Janelise Gastell was also extremely helpful. She made sure all decisions were made in my best interest. My divorce seemed to take much longer than the average due to the other side, but both Ms Johnson and Attorney Gastell kept things moving as quickly as possible.

*Top-rating from clients and award publications such as Orlando Weekly, US News & more.​

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We offer payment plans, accept credit cards, are available for evening appointments and our main office is conveniently located right off of I-4, between 436 and 434. For immediate help call: 407-834-4847.

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The information found here is for general information purposes only. Nothing on this site should be taken as legal advice for any situation or individual case. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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