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You borrowed money from a friend who died and his executor wants to collect on the debt. Do you have to pay it?
Wiki User
∙ 16y ago
Absolutely yes. Better pay up.
Wiki User
∙ 16y ago
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How do you collect money owed to you?
tell people who borrowed your money that you would like it back
Can a lien be put on a property where executor borrowed your money after person died to pay estate bills for another property?
You need to consult with an attorney ASAP and bring with you any loan agreement signed by the executor.
Can you collect money from your dead fathers unclaimed funds if your step mother was the estate representative and she has since remarried?
No. If your stepmother was executor of the estate, she still is the executor and entitled to those funds, not you.
Can an Executor of a will collect money from the sale of the deceased's home in South Carolina?
Yes, that is one of the primary functions of the executor, to liquidate indivisible assets so that the proceeds from the estate can be distributed to the heirs.
What happens when a person dies and is owed money by a relative?
If the debt is evidenced in writing it is the obligation of the executor to collect the debt owed to the estate.
What is the journal entry for starting a business with money which is borrowed from a friend and husband?
debit cashcredit capital
Who is at fault if bank gives money to executor instead of beneficiary?
No one is at fault as the bank followed the law. The Executor is the person who should get the money. They are responsible to collect and value the estate and its holdings. Once inventoried and debts cleared, they can distribute the remaining assets to the beneficiaries.
Can children collect on money that was owed to their parents that died?
If your parents have left a will then it is the responsibility of the executor of the will to pay all of the deceased persons debts and also to collect any monies owed to the deceased person.
I borrowed money from my mother before she died. Nothing was ever documented. The will does not mention it. As executor aren't your debts forgiven?
No. There is no rule that as executor your debts are forgiven. However, if there is no written evidence of the debt and it is not mentioned in the will you can forget about it since your mother made the decision to not memorialize it in writing.
How do you collect unpaid debt from deceased father when estranged sister is executor?
You file a claim with the court (they should have a form you can use) along with proof that your father owed you the money. Once you file it the executor must pay the debt.
Can your sister who is the executor distribute your mom's money whenever probate is over?
Yes. As long as she has been appointed the executor by the court she has the authority to collect the assets, pay any of your mother's debts and then distribute the remaining assets as provided in the will.Yes. As long as she has been appointed the executor by the court she has the authority to collect the assets, pay any of your mother's debts and then distribute the remaining assets as provided in the will.Yes. As long as she has been appointed the executor by the court she has the authority to collect the assets, pay any of your mother's debts and then distribute the remaining assets as provided in the will.Yes. As long as she has been appointed the executor by the court she has the authority to collect the assets, pay any of your mother's debts and then distribute the remaining assets as provided in the will.
How do you use dept in a sentence?
Because he was in debt he borrowed money from a friend only to find that it left him in greater debt.
