Legal Question in Wills and Trusts in California

credit card debt/probate

why does a law firm offer to accept a

reduced amount on a credit card debt

of deceased person if you pay it

BEFORE it gets submitted into probate?


Asked on 2/15/08, 2:24 pm

2 Answers from Attorneys
Scott Linden Scott H. Linden, Esq.

Re: credit card debt/probate

Because Probate can take 6 mos to 1 year to complete, on average.

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Answered on 2/15/08, 3:25 pm
Phillip Lemmons, Esq. Phillip Lemmons APC, Attorneys at Law

Re: credit card debt/probate

could be a lot of reasons. maybe they just want paid now or maybe they are concerned the estate won't have enough money to pay all the expenses.

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Answered on 2/15/08, 10:42 pm


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