Legal Question in Wills and Trusts in California
Statute of Limitation for Promisary Notes
I need to know the statute of limitations on promisary notes owed by the deceased.
Asked on 3/17/02, 1:07 pm
1 Answer from Attorneys
Chris Johnson
Christopher B. Johnson, Attorney at Law
Re: Statute of Limitation for Promisary Notes
This depends on many factors, but the contract statute of limitations is generally four years.
However, there is a one-year statute of limitation, from the date of death, for suits against one's estate. And, if the creditor received notice during a probate, there is a four-month window during which to file a claim.
Answered on 3/17/02, 3:13 pm