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Yes. If you have proof that a decedent owed a debt you can file a claim against the estate. The period during which claims can be filed varies from state to state so you must be prompt in filing your claim. You can check with the probate court where the estate is filed to determine if you can still file your claim.
What else can I help you with?
If one heir owes a small debt to an estate should the debt be paid back first before the estate is divided or should the debt be deducted from the estate total then divided between the two heirs?
You can see the answer to this if you imagine an amount of debt to be the whole estate. That is one heir is holding all the assets. If the debt wasn't repaid first, before division, the other heir would get nothing at all. The estate is the total after all debts have been repaid. So you add the value of the debt to the residual estate. Give half of the result to the one with no debts. This has the same effect as the debtor repaying a sum equal to half his debt to the non-debtor, and then dividing the existing estate by 2.
Does a lien on property have to be claimed when an estate is created?
If it is already in place, there is no need to claim it, it is a known debt, but it never hurts to ensure that the executor has the appropriate information.
In the state of Texas is a mortgage an estate debt?
Yes it would be part of the estate debt. The estate has to pay all of the debts off if possible. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended.
Can unsecured debt be contested by an estate?
The executor of the estate can contest the debt. One of the things they must do is validate that all debts are accounted for and valid. Only then can they determine how to distribute what is left.
If a lone female dies leaving a power bill who is responsible for the debt?
Her estate is responsible for the debt. The estate has to pay off all the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Does the executor of an estate have the right to collect an unpaid debt owed to the estate?
Yes they certainly do have that right. That is the entire purpose of opening an estate, to collect all assets and pay all debts.
If the decease has credit card debt with no dollar value to his estate what happens to the debt?
The estate has to pay all of the debts off if possible. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended.
What happens to a lien placed on a property and that person who is owed the money dies?
The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.
When does interest stop accumulating for a debt owed to an estate by an heir?
Interest on a debt is not going to stop accumulating for a debt owed to an estate by an heir until the debt is paid off. Perhaps selling the estate will help the heir pay the debt off and stop the interest accumulation.
What happens to the debt if there is no money in the estate?
The estate has to pay all of the debts off if at all possible. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended.
How do creditors capture medical debt after death?
They place their claims with the estate. The estate is responsible for settling all debts, or as many as possible. If the estate does not have enough to pay all the bills, they will distribute it as evenly as possible.
Are children of deceased responsible for his debt in California?
The estate is responsible for all the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.
