Legal Question in Real Estate Law in Florida
when my mother dies with out standing credit card debt what can they take from her estate
Asked on 1/16/10, 1:49 pm
2 Answers from Attorneys
Kellen Bryant
Law Office of R. Kellen Bryant, P.L.
There is a lot of things in this world that creditors can take from someone, here are some common things a creditor can and cannot take.
Starting with items that creditors cannot generally take: 1) her house, 2) her car or transportation vehicle, 3) certain life insurance proceeds, and 4) household furnishings up to $20,000.
Items that creditor can generally try to take: 1) bank accounts owned in her own name, 2) brokerage account contents, 3) equity interests in small businesses, and 4) additional investment properties.
Answered on 1/21/10, 2:20 pm
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
They can take most anything. Creditors get paid before the beneficiaries get to inherit.
Answered on 1/22/10, 9:19 am
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