Someone approached me recently with an interesting question.
When her father passed away, he owed a few bills, but he had very little money left in savings and no salable assets. She mentioned he was a very proud man, but with a limited fixed income of only social security, his monthly bills were managed with minimal payments for his medical bills that were not covered by Medicare.
Are she and her family responsible for the outstanding balances? I am not an attorney, nor am I an expert on these matters, but I can and did do research. This is what I found.
Many of us have taken care of our aging parents, and that includes finan…