Legal Question in Wills and Trusts in New York
Can you negotiate debt at parent's death?
My father passed away a year ago. My question is: My mother also just passed two months ago. She left credit card debt and not a lot in the estate. Is it possible to negotiate debt with credit card companies? Or what little that is left go to them instead of inheritance?
Asked on 9/26/08, 12:01 pm
2 Answers from Attorneys
Robert Roemer
Robert Roemer
Re: Can you negotiate debt at parent's death?
Definitely try to negotiate with the credit card companies
Answered on 9/27/08, 11:44 am
Walter LeVine
Walter D. LeVine, Esq.
Re: Can you negotiate debt at parent's death?
Negotiations are always possible, and the indebtedness to the credit card is a claim against inheritance.
Answered on 9/26/08, 12:05 pm