If you borrowed money from someone and they pass away, do the children of the deceased have a legal right to collect the money?

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If you borrowed money from someone and they pass away, do the children of the deceased have a legal right to collect the money?

There is a notebook with the amount borrowed and signed by borrower.

Asked on April 27, 2012 under Estate Planning, Missouri

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

The estate of the person that passed away has the right to collect debts owed to the decedent at the time of their death.  generlly speaking, a person is appointed as the personal representative of the estate and they will collect the debt.  It could indeed be the children.  Good luck.


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