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Answered 2014-10-03 19:54:01
The next of kin should notify the lender immediately for instructions. It holds the title to the vehicle. The lender may be willing to make arrangements for an heir to take over the payments or it may take possession if no heir comes forward. It depends on the details of the particular situation.
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What are personal effects of a deceased person?
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Has is an estate settled in AZ when the deceased died without a will?
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What happens if someone dies intestate and has no relatives?
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If the cosigner of a home loan dies will the bank go after his estate for repayment?
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The estate of the deceased parent is responsible for the debt. The leinholder gets the car.
Who is responsible for debt after a death?
The estate of the deceased. The estate of the deceased is responsible for all debt incurred by the deceased. After all debt has been resolved, any remaining resources are available to the beneficiaries.
What is the meaning of the Plaintiff's Intestate?
When a plaintiff (deceased) is suing out of their estate; The estate of a deceased plaintiff; Intestacy - leaving behind no will.
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