0
Certainly, the debt is considered an asset of the estate and must collect it.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Is an estate administrator paid after the estate is settled or can they collect before it is settled?
They can collect before it is settled
How you collect a judgment from the estate of a deceased individual?
contact the executor of the estate and file to collect it from the estate. you have to notify the estate of the debt. Depending on the state, most must be filed with the estate within 4 months of the said death.
Can an estate collect debt?
Yes, in fact it is the obligation of the estate to collect all valid debts owed to the decedent. Debts owed to a decedent are considered assets of the estate. The estate's representative has authority to demand that all debts owed to a decedent be paid to the estate. If the debtor refuses to pay, the estate representative has legal power to sue to collect those debts if it has to do so.
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.
Can your probate attorney collect his money through a probate account if you don't have money to pay him?
The estate is responsible for the fees. So, yes, he can collect his money from the estate.
Is a CD part of the estate when it's found after the closing?
Yes. If the CD is the sole property of the decedent with no beneficiary listed the estate must be reopened with a newly appointed estate representative to collect and distribute the remaining property.Yes. If the CD is the sole property of the decedent with no beneficiary listed the estate must be reopened with a newly appointed estate representative to collect and distribute the remaining property.Yes. If the CD is the sole property of the decedent with no beneficiary listed the estate must be reopened with a newly appointed estate representative to collect and distribute the remaining property.Yes. If the CD is the sole property of the decedent with no beneficiary listed the estate must be reopened with a newly appointed estate representative to collect and distribute the remaining property.
Can a creditor become an administrator of an estate?
Yes, they can. Often a creditor will file for an estate so they can collect their money.
Can you collect a fee in Florida for being an estate executor?
Yes.
In Florida can creditors collect from the deceased's estate when the house is held as a trust?
No.
Can the executrix of your parents estate collect her administrative fees plus a fee for an IRA that had named beneficiaries if the probating of the estate has not been concluded?
Certainly. Cost associated with the estate, including fees for maintaining IRAs and the executor's fees are charged against the estate and recorded. There is no requirement to wait until everything is finished to collect the fee.
Does a life estate affect disability?
A life estate does not have an affect on someone's disability. It may certainly affect their ability to collect disability payments.
Can an executor collect money owed to estate after estate is closed?
They have a duty to do so. The estate can be reopened to finish off any new business that arises. This is a big issue in some cases.
