Legal Question in Wills and Trusts in California
If a person loans money to another person and then the borrower dies before the loan has been paid does the loan still need to be paid back to the estate
Asked on 2/10/13, 11:24 am
2 Answers from Attorneys
Kelvin Green
The Law Office of Kelvin Green
If then deceased person lent the money, then the money is pasid to the estate. If the deceased person owes the money thn the deceased estate is responsible to repay the loan based on statutory priority..
Answered on 2/10/13, 12:01 pm
Phillip D. Wheeler, Esq.
Phillip D. Wheeler, Attorney At Law
The money will go to the estate of the creditor. Yes, has to still be paid out of estate of deceased.
Answered on 2/10/13, 1:09 pm
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