Can a parent's debt be transferred to a child?

I recently discovered that my parents are in debt with the IRS, something about back taxes. If something should happen, or even if not, am I liable in any way for their debt? Can tax debt be transferred onto the next of kin?





I'm looking at the state of PA, if that makes a difference at all.Can a parent's debt be transferred to a child?
Their debt cannot be transferred to you. Should they die, their estate would be responsible for their debt. If their estate does not cover their debt, that debt will die with them. But you also would get no inheritance.Can a parent's debt be transferred to a child?
NO you are not liable but your parents could use a little help. Tell them to visit www.debt-meltdown.com for more information on what they can do so their debt is minimized and they can be comfortable in retirement. You should not worry though about their debt passing on to you but I would help them nonetheless.
NO, it cannot be transferred. The ONLY exception is if your name is on the debt to begin with......like you have a family business that you and your mother had that THAT is what the IRS is going after. Your parents tax bill is THEIR tax bill....PERIOD