Legal Question in Wills and Trusts in Louisiana

Loan Owed To An Individual(Borrower Deceased)

What is the resposibility of a deceased persons estate to repay a personal loan that was promised verbally to be repaid, but was not before the the person deceased.There is a document showing the amount borrowed(check) made out to the deceased. The succession is still open.In August of this year will be two years since the borrower passed away.

There is mention of something called the ''Dead Mans Law''in regards to this loan. What is its meaning and dose this apply? Under what circumstance would this be used if it is a law? Would this also be a debt as with any other creditor?


Asked on 6/20/03, 12:47 pm

1 Answer from Attorneys
Steve LeBlanc Steve LeBlanc, Ltd., (APLC)

Re: Loan Owed To An Individual(Borrower Deceased)

Under La, law, the heirs of an estate, if they accept the succession, are obligated to pay all the debts of the decedant.

Read more
Answered on 6/20/03, 2:39 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Louisiana