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When you owe somebody and they die do you owe the amount in full to the estate or what you signed?
Wiki User
∙ 15y ago
Whatever you owed to the living person, you also owe to the estate should that person die. To do otherwise is fraud, and a severe disrespect for the person that died, assuming they were a personal friend who loaned you the money in the first place.
Wiki User
∙ 15y ago
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What happens when a promissory note was signed by two people and one died?
If you co-signed a promissory note and the other co-signer died the creditor will expect you to pay the debt. You can try to file a claim against the estate of the dedecent for half of the amount owed. However, if unsuccessful you will be responsible to repay the full amount due.
What name to place on a real estate offer i.e Jim and Jane Doe Or Jim Doe and Jane Doe or?
When putting names on a real estate offer the full name of each of the couple should be printed out and signed by that couple as well as the real estate agent. Example: John Jim Doe and Jane Jill Doe. All offers; contracts or financial transactions should be signed as a full name. It could also be signed as 'John J. Doe and Jane J. Doe.
Am I responsible for credit card debt or tax debt on death of spouse?
The estate of the spouse is responsible. IF both are on the same checking account then the FULL amount of that checking account can be considered the spouses estate too. Even if the account is closed just prior or just after death, then the amount in the account months prior is still considered a portion of the estate.
What are the advantages for estate tax repeal?
The beneficiaries receive the full estate value
What is the full form of MRC in the real estate business?
The full form of MRC is Madison Realty Capital in the real estate business.
How long is a lien in effect once placed against real estate?
Actually, until you pay the amount or until the property is sold and it is paid for you and property transfers ownership. Until you pay the amount you owe in full.
How do you stop contractor from trying to put lien on house?
Pay the full amount that you owe.Pay the full amount that you owe.Pay the full amount that you owe.Pay the full amount that you owe.
Real estate not listed for sale receives a bone fide offer to purchase. is the owner required to sell?
If you signed the contract to purchase then, YES ,you sold your house. If you didn't sign the contract and the home wasn't listed with a real estate co...you don't have to sell. If the home is listed with a real estate co. and you got a full price offer you would owe the comission.
What is jobcore?
Its When Somebody Gets An Full Time Job.
Is the executor of an estate paid on full value of house or what is owed?
The executor's fee is based on the value of the estate. Money owed is not a part of the estate, it is a claim against the estate.
What powrs do the executor of estate have after the estate goes into probate?
Once they have the letter of authority, they have full control of the estate. They are responsible to the court for the inventory and dispersion of assets.
Does the executor have the right to require the beneficiaries to sing a release before the estate monies are distributed to the beneficiaries?
Yes. If the executor has refused to make distribution then you should complain to the attorney who is handling the estate and to the probate court immediately. They can be compelled by the court to act or they can be replaced.
