Legal Question in Securities Law in Michigan

Death and unpaid debt

Whom is responsible for unpaid debt in the result of a death? There is a Last will and testament leaving assets to adult children.


Asked on 5/29/07, 10:43 am

1 Answer from Attorneys
JASSI SACHDEV LAW OFFICES OF JASSI S. SACHDEV, P.C.

Re: Death and unpaid debt

Depends on the type of debt - secured vs unsecured, debt instrument signed by the deceased and the mode by which the assets were left with the adult children. Is there a springing trust or the assests are being probated in court.

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Answered on 5/29/07, 10:52 am


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