Legal Question in Wills and Trusts in Michigan
No will, a pile of debt, a child's nightmare
Both of my parents passed way
recently without a will, but with a
house with a mortgage, a pile of bills
in collections, and with a small
amount of life insurance. With the
condition of their house and the
current market, the house is not
selling. I am wondering if I cannot
liquidate their only asset (the house)
how am I expected to pay off this
mountain of debt? Currently I am
paying her mortgage, but I am at
the point where I just don�t see the
point.
I guess what I am asking is: as her
personal representative, what steps
should I be taking.
Should I be paying he mortgage,
power bill (to keep the pipes from
freezing) etc?
How long do I have to pay these
bills?
What happens if I can�t sell the
house before that time period ends?
I have filed the information with the
court, I have been appointed as her
personal representative, I have
posted a notice to her creditors, I
have given them all the new address
to mail information, what steps do I
take?
1 Answer from Attorneys
Re: No will, a pile of debt, a child's nightmare
Make no further payments until you immediately speak with an estate attorney. We offer free initial consultations. Call 480.835.1500. Sounds like the estate is insolvent. We can help, but it would require too much space here to list all the things you should do, and more exact facts need to be known. You are not liable for the estate debts if you handle this properly.