Legal Question in Wills and Trusts in North Carolina
A friend borrowed money from someone--no paper involved-verbal agreement. No time stipulation to pay back the $$. The loaner died quite unexpectedly. Now the notices have gone out in the paper for every one to come forward with the $$ owed. The person does not have (and cannot get) the amount of $$ that he owes. He does intend to pay the family back, but does not know whether to notify the executor or just wait and pay the $$ back after the estate is closed.
Asked on 6/04/10, 4:16 pm
1 Answer from Attorneys
Its unethical for me to discuss your friend's legal issues with you. Generally, promissory notes should be written down for the protection of everyone. Can something be worked out with the executor? That is the honorable thing to do.
Answered on 6/06/10, 9:53 pm
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