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If a persons owes on a truck and dies leaving no estate can the bank sue?
Wiki User
∙ 14y ago
The bank doesn't need to sue. If the truck loan isn't paid the bank can/will repossess the truck.
Wiki User
∙ 14y ago
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My mother died leaving me her executor. She had several bank accounts left itf for her children. Are these funds part of the estate?
Yes, the bank accounts are a part of the estate. The need to be valued and included in the assets.
If a Dad dies leaving a large bank debt is the estate responsible to pay?
The estate is responsible for clearing all debts. If the assets are not enough, the debtors will not be satisfied. Consult a probate attorney for your location.
Can a bank foreclose on a mortgage before the estate is settled?
Yes, if the bank has given notice to the estate representative or the heirs.Yes, if the bank has given notice to the estate representative or the heirs.Yes, if the bank has given notice to the estate representative or the heirs.Yes, if the bank has given notice to the estate representative or the heirs.
When a person dies leaving bank account to a family member POD does the individual owe the executrix of the estate any money?
No. A "payable on death" account does not become part of the probate estate. It would be paid by the bank directly to the named beneficiary.No. A "payable on death" account does not become part of the probate estate. It would be paid by the bank directly to the named beneficiary.No. A "payable on death" account does not become part of the probate estate. It would be paid by the bank directly to the named beneficiary.No. A "payable on death" account does not become part of the probate estate. It would be paid by the bank directly to the named beneficiary.
Your husband passed away leaving an estate He had 3 bank loans 2 unsecured your name is not on any loan docs Are you responsible for paying them back?
Well, the estate is responsible for paying them back, so the money will come out of the estate, which will mean that you will inherit less money from it. So in a way, you will be paying back the loans. That or the bank will put a lien on the property to secure their debts.
If you let your dad and his wife use your truck for collateral on loan in their name and he died shortly after who has to pay this back to bank?
Well, the estate does. Unfortunately, if there are no funds available in the estate to pay the loan balance, the vehicle must be surrendered or it will be repossessed. To avoid this, you might discuss with the lender options for you to pay ort assume the loan. This will protect your truck from recovery.
What is an estate bank account?
It is a bank account set up for estate business. It requires an EIN from the Federal government for tax purposes.
What checks can be deposited into an estate bank account?
Checks made payable to the Estate, or to the Trustee of the Estate in their capacity as Trustee, and/or to the individual for whom the Estate is named.
What can you do if your bank is leaving Ireland?
You can change to another bank. Arrangements for this to happen may be put in place by the bank.
Can Late charges be applied to a deceased persons overdrawn account until the estate is settled?
This would probably depend on the specific laws of the state that the bank account is in. If there are no heirs, then I don't know where the bank is going to get the money to pay the charges. Most states require debts (overdrawn charges would be a debt) to be paid by the "estate". If there is no estate, and no one else who agreed to be responsible for the decedent's debts, there is probably no way the bank will be paid back. The debts die with the debtor. Again, it depends on the specific state you are in as well as the size and content of the decedent's estate and whether anyone else might be considered responsible for the decedent's debts, ie cosigner on a loan.
Where is the buy real estate in stick RPG?
Its in the bank
I bought a truck from someone and was making monthly payments. This person was not making payments to the bank. The truck is in the process of being reposed by the bank. Can I put a lien on the truck?
nothing you can do without a title in your name
