Legal Question in Wills and Trusts in Illinois

Re: loan

Thank you for your question. The big issue is how the promissory note was written. In theory, at least, her estate should have become liable for the debt. If it wasnt paid, you could reopen her estate and seek to sell assets (no probably owned by the husband) to satisfy the note. Alternatively, again, depending on how the note was written, the husband would just become contractually obligated. In that instance, you would just need to bring a lawsuit against him.

Let me know if you have any further questions - you can email me direct: [email protected]

Adam Tracy