Legal Question in Wills and Trusts in Michigan

liability

When someone dies and you sell their assets , and are not able to pay all of their debts, who is help liable for the payments on those debts?


Asked on 3/29/01, 7:10 pm

1 Answer from Attorneys
Don Rosenberg Barron, Rosenberg, Mayoras & Mayoras, P. C.

Re: liability

When a person dies and are unable to pay their debts, their estate is liable. A creditor can initiate the commencement of a probate estate if after a certian period of time one is not started. Further, when an estate is started the personal rep must notify creditors so that creditors can file a claim. if the estate has some $$$$ bit not enough to pay all creditors then each will receive a pro-rata share.

If you need further assistance, call me. This is what I specialize in. See web site www.brmmlaw.com

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Answered on 6/01/01, 9:01 pm


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