Promissory note signed now other person deceased are you still legally binded to repay the debt to the estate?
Yes, you still have to pay the other person, which now the $ goes to his or her estate. If you dont pay it, the estate can sue you on the note.
Debts of the Deceased I am not an attorney/lawyer, so this answer will of necessity be a lay answer until it can be improved by a more qualified source. Usually, in most states the debts of a deceased do not just "go away or disappear." The "estate" is legally responsible for his debts. Of course, IF a deceased had no money or property [real or personal], then there IS NO estate, and there really are…
No. The deceased owner's estate must be probated in order for title to vest in the heirs legally. Until title is vested they cannot execute a deed that conveys good title. No. The deceased owner's estate must be probated in order for title to vest in the heirs legally. Until title is vested they cannot execute a deed that conveys good title. No. The deceased owner's estate must be probated in order for title to…
A promissory note is to provide and record details of a loan. One should receive one if a personal loan, business loan or real estate transaction has taken place. A promissory note is legally binding and can be used in a court of law if the borrower does not pay. It is a more complicated version of an IOU.
An estate that includes real estate must be probated in order for title to pass to the heirs legally. You should consult the attorney who is handling the estate. An estate that includes real estate must be probated in order for title to pass to the heirs legally. You should consult the attorney who is handling the estate. An estate that includes real estate must be probated in order for title to pass to the…
Am I legally responsible for my deceased son's medical bills I live in the State of Virginia there is no estate and I am not the guarentor on any paperwork?
The estate is responsible for the descendant's debts, including promissory notes. It is the primary reasons to open an estate is to resolve such debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Do children who have been adopted by another family have same entitlement to estate as other children?
If he had no will, no wife and children and your parents are deceased you may have a claim if he was legally adopted. You can check the laws of intestacy for your jurisdiction at the related question link. If he had no will, no wife and children and your parents are deceased you may have a claim if he was legally adopted. You can check the laws of intestacy for your jurisdiction at the…
If a person has been granted the administration of estate of the deceased is he or she obligated to pay the deceased debts?
What happens to a deceased persons home and possessions if they are left to a niece and the niece legally declines same does the home and property revert back to the estate?
Are you the surviving spouse even if your were not cohabiting with your spouse at the time of death?
If the person was still legally married to the deceased he or she is still considered a "surviving spouse". However, the extent to which claims are made upon the estate of the deceased or the responsibility of the surviving spouse for debts owed by the deceased is determined by state laws and/or the probate court.
Does the legally appointed executrix of an estate owe anything to the children of the estate if the deceased stated she deliberately and name the children out of her will do you owe them anything?
In North Carolina if there is no will can the brothers of the deceased override the children's claim to the estate if witnessess swear the deceased left his entire estate to his brothers?
Does the biologically children have a right to any property left by the deceased spouse of their father?
No. That is contra bonos mores and against public policy, to give deceased estate to strangers like girlfriend while testator is legally married and has children with his legal wife. His guilty of engaging in extramural affairs. Being married in community of property deceased cannot disinherit his wife and children.
When the deceased only has a house value 145000 there are NO other assets her son is the executor and the house is to be split half and half with his daughter does he need to obtain probate?
They are not personally liable, except in the sense that the assets in the estate must be used to pay the promissory note. Thus there will that much less in the estate for them to inherit. If there are insufficient asset to pay the debt, then the holder of the note loses out on the amount that cannot be paid out of the estate.
All persons have an estate It may be just the clothing they are wearing but Legally there is an estate. Ask who is the "Executor". The family and immediate Friends will know who. In most jurisdictions the Executor is required to file with the government and wait a period of time. This person is assigned the task of winding up the deceased affairs and distributing the estate.
If they owned any sole property at the time of death- yes. An estate with real property must be probated for the title to pass to the heirs legally. If they owned any sole property at the time of death- yes. An estate with real property must be probated for the title to pass to the heirs legally. If they owned any sole property at the time of death- yes. An estate with real property…
Will the estate of deceased in NC be responsible for medical bills if the deceased did not have insurance or a will?
Who receives your deceased father's share of your deceased grandmother's estate when he was left her house in the state of Oklahoma?
You can not register a car that you do not own. The car is owned by the estate of the deceased individual. The estate gets the title and then you buy it from the estate. Some legal process must occur to distribute the estate of a person who has died. Usually, someone is legally named the executor of the estate and had authority to settle the estate in a manner consistent with a will, if…
What is estate obligation if any to children of deceased step child whose death preceded that of stepfather - There is no record of stepfather's legal adoption of stepchild state of Ga?
The only way that this can be legal is if you are the executor or administrator of the estate legally appointed by the probate or magistrate judge in your area. In any case the vehicle title should be transferred to the name of the person who will inherit it as quickly as possible. Then this person can insure it legally in there name.
The taxes of a deceased person would be the responsibility of that person's estate. If the children are the administrators/executors of the the estate, then they would be responsible for filing the taxes on behalf of the deceased; but the payment would come out of estate funds, not from the children personally.