In the state of NY, if a family member is named as beneficiary in a will, does that family member automatically inherit any debts the testator has at the time of his/her death?
And how about if the person dies intestate instead? Are his/her debts passed on to family members?
Both these question presume that no one has assumed, or agreed to assume, any such debts in advance.
Please help.
And how about if the person dies intestate instead? Are his/her debts passed on to family members?
Both these question presume that no one has assumed, or agreed to assume, any such debts in advance.
Please help.