If my mother passed and her credit union has filed a claim againsther estate for $5600 fora car loan, what can I do so I do not have to sell the home?

Get Legal Help Today

secured lock Secured with SHA-256 Encryption

If my mother passed and her credit union has filed a claim againsther estate for $5600 fora car loan, what can I do so I do not have to sell the home?

They sold the car. My mom died 2 years ago.

Asked on January 14, 2012 under Estate Planning, Ohio

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

If your mother passed away and she had a Will, trust or no Will or trust where you will have to file an intestacy proceeding to dispose of her assets, the person handling your mother's estate has the option to deny the claim, accept it in part or in whole.

The best way to resolve the credit union's claim for $5,600 is to work out some payment arrangement with it through estate assets assuming the $5,600 is validly owed. You might wish to try and enter into a payment agreement for a reduced amount than the $5,600 claimed owed and pay down the amount over time through the estate's liquid assets so the home does not need to be sold.

I suggest that you consult with a Wills and trust attorney further about how to possibly negotiate some agreement with the credit union.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption