death and debts
Date: Wed, 07/02/2008 - 14:37
No I wouldn't think so, however someone with more experience tha
No I wouldn't think so, however someone with more experience than I will be along shortly. I am curious to know if being the trustee of the estate if the estate has to take care of the outstanding balance on the truck, which that seems like a total rip off, owing $17,500 for a truck and they claim they sold it for only $7,500. I think I would contact an attorney on that one.
I'm sorry to hear about your mother. I think any money left in t
I'm sorry to hear about your mother. I think any money left in the estate has to goes towards the debt, once that's gone, I don't believe they can come after you for anything if your name is not on any of her accounts.
death and debt
I'm not an expert, but, I wouldn't think you're responsible for the loans..as you said.you're name is NOT on anyone of them. However, because you're the Trustee, you ARE responsible what to do with her estate. I, TOO, am sorry for your mother death.
So sorry to hear about your mom. Just like a BK trustee, your
So sorry to hear about your mom.
Just like a BK trustee, your role as the trustee in her estate is to liquidate all her assets and distribute any available funds for the benefit of the creditors.
You are not personally responsible for guaranteeing that the creditors get repaid. If you liquidate the assets, and there's not enough money left to pay everything off, then they are SOL. They can sue the estate in probate, but they cannot sue you personally.
