How to distribute assets for son whose only asset was a 2002 van but owes $3000 to credit card company.
Question Details:
My son died and left a 2002 van as his only asset. He did owe a credit card company $3000.00. If I transfer title and sell the van am I obligated to give the money to the credit card company? Can I claim funeral expenses against the van sale and If he has a tax refund what must I do with that.? He was not married and did not own any property or have insurance or any kind of savings.
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There is apriority of payments in an insolvent estate. First administration expenses, thenfuneral & last illness expenses, headstone etc
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