Legal Question in Wills and Trusts in California

Debt owed to deceased person

I have a remaining debt owed to my daughter's grandmother on her father's side that she helped me out with so I wouldn't have to pay interest. I have been paying $300 per month. I still owe $1,000 and she passed away this past December. Do I still owe the debt? It was a personal loan that we signed as an agreement between us.

Thank you for your consideration.

Joyce


Asked on 1/05/05, 5:47 pm

3 Answers from Attorneys
Ken Koenen Koenen & Tokunaga, P.C.

Re: Debt owed to deceased person

Her estate is still entitled to payment.

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Answered on 1/05/05, 6:02 pm
Scott Linden Scott H. Linden, Esq.

Re: Debt owed to deceased person

Generally, the debt will continue to be owed to the person's estate and must be included in the valuation of their estate.

This may depend on the type of debt and what it encompasses.

If you would like additional assistance, please feel free to review our firm's site at www.No-Probate.com or contact me directly at 626-578-0708.

Scott

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Answered on 1/05/05, 8:10 pm
Chris Johnson Christopher B. Johnson, Attorney at Law

Re: Debt owed to deceased person

Unless your contract said otherwise, the debt is usually owed to her estate under the same terms and conditions as when she was alive.

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Answered on 1/05/05, 11:17 pm


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