Legal Question in Wills and Trusts in California
my father in law passed away and he has a heloc on his home can, will the bank take the amount owed from the estate or can we contuine to pay off the debt?
Asked on 9/11/12, 8:54 pm
2 Answers from Attorneys
Anthony Roach
Law Office of Anthony A. Roach
Both. You can pay off the debt, or the estate can pay off the debt before distributing the property to the heirs. The bank will take money from anyone, including a small child.
Answered on 9/12/12, 4:30 pm
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