Legal Question in Wills and Trusts in Ohio
My mother passed away. She had a home that was in a life trust and this had been terminated and the house was left to me. SHe was divorced and I was the only surviving child. There is a mortgage on the home in the amount of $22,000 in her name. THe bank is requesting a letter of authority from the court to discuss the loan naming me as executor. There are no other assets or liabilites. She has a will naming me as the executor. I have a packet from the probate court entitled 'Release from Administration'. Which papers need to be filed to get the letter of authority?
1 Answer from Attorneys
Because of the secured loan against your mother's home, I doubt that the court will grant a release from administration. The lender will want to collect on its debt, either through its letter of authority or a letter of authority from you as executor. You would file an application to probate a will. The court might tell you the proper documents or you can consult with an attorney.
Related Questions & Answers
-
What is the difference between real and unreal monies n an estate Asked 7/19/11, 6:41 pm in United States Ohio Probate, Trusts, Wills & Estates