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What else can I help you with?
What is an estate administrator?
Someone who handles the estate for payment of the decedent's debts and distribution to the heirs.
What happens to a debt you owe to a person that dies?
The debt you owed to the decedent will become a part of their estate and their heirs can collect as long as they have proof that you owe the money. The heirs can request that an estate representative be appointed and that person can pursue payment from you. The debt does not just go away as long as there is evidence that the money was owed to the decedent.
How long does a creditor have to file a lawsuit on a charge off in California?
In California, a creditor typically has four years from the date of the last payment or activity on the account to file a lawsuit for a charge-off. This period is governed by the statute of limitations for written contracts. It's important for consumers to be aware of this timeframe, as making a payment or acknowledging the debt can reset the statute of limitations.
What types of contracts must be in writing?
Contracts that involve the sale or transfer of land, contracts that cannot be completed within one year, contracts for the sale of goods over a certain value, and contracts for the payment of another person's debt must be in writing to be enforceable.
How are bills paid in order of priority after death?
The heirarchy of debt payment by an estate varies from state to state. You should check the law in your particular state because that schedule must be followed by the administrator or executor. An EXAMPLE of the priority of payment is as follows: expenses of the administration; funeral and medical expenses; an allowance for the decedent's family's immediate needs; government claims, such as for taxes; secured debts, such as a mortgage; any unpaid court judgments against the decedent; and finally, the remaining debts of the decedent.
Does the bank still collect from a deceased co signers estate if the property was sold?
The bank has a lien on a mortgaged property that is not affected by a transfer of the property. The bank will go after the decedent's estate and the cosigner for payment of the mortgage. If the mortgage isn't paid the bank will take possession of the property by a foreclosure.The bank has a lien on a mortgaged property that is not affected by a transfer of the property. The bank will go after the decedent's estate and the cosigner for payment of the mortgage. If the mortgage isn't paid the bank will take possession of the property by a foreclosure.The bank has a lien on a mortgaged property that is not affected by a transfer of the property. The bank will go after the decedent's estate and the cosigner for payment of the mortgage. If the mortgage isn't paid the bank will take possession of the property by a foreclosure.The bank has a lien on a mortgaged property that is not affected by a transfer of the property. The bank will go after the decedent's estate and the cosigner for payment of the mortgage. If the mortgage isn't paid the bank will take possession of the property by a foreclosure.
What contracts must be in writing according to legal requirements?
Contracts that involve the sale or transfer of real estate, contracts that cannot be completed within one year, contracts for the sale of goods over a certain dollar amount, and contracts for the payment of someone else's debt are examples of contracts that must be in writing according to legal requirements.
Why have I not received my California stimulus payment yet?
There could be several reasons why you have not received your California stimulus payment yet. Some common reasons include delays in processing, incorrect information on your application, or being ineligible for the payment. It is recommended to contact the California Franchise Tax Board for more information on the status of your payment.
What happens when you missed a payment and your insurance lapsed?
It so happens that you have no insurance
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
Why haven't I received my California stimulus payment yet?
There could be several reasons why you haven't received your California stimulus payment yet. Some common reasons include delays in processing, incorrect information on your application, or being ineligible for the payment. It's best to contact the California Franchise Tax Board for more information on the status of your payment.
What happens if you forget to request payment?
If my payment request day is Tuesday and i forgot to call in my request when can i make my payment request
