Legal Question in Wills and Trusts in Louisiana
If if someone left me their car in a will do I have to take over the car notes? Or does the estate pay off the remainder of the loan?
Asked on 10/19/10, 8:40 am
2 Answers from Attorneys
Martha Amanda Mandi Lucas
Mandie Seale Lucas
Normally, the estate pays last debts before disbursing. You can always accept your legacy with an accounting which makes sure title clear. I believe the lender would have to agree to the note being taken over.
Answered on 10/24/10, 11:57 am
Nick Pizzolatto, Jr.
Pizzolatto Law Office
You have to pay the loan off unless the will says the estate would, otherwise other legatees would have their inheritance reduced.
Answered on 10/24/10, 3:15 pm
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