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?
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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 12 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.
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