Legal Question in Wills and Trusts in Ohio
Personal Loan
I was wanting to know, if you got a personal loan from a friend and you signed your own papers stating that the loan would be paid off in a certain length of time and then the friend passes away. They do not have a spouse. and the executor to the estate finds the written contract that you had and now wants you to pay the loan each month to the estate, do you have to continue to pay that loan or would you consider the contract void since the other person is deceased?
Asked on 7/29/08, 2:14 pm
1 Answer from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: Personal Loan
The contract is enforceable against you by the executor of the estate, and he may have a duty to enforce it to pay off estate debts.
Answered on 7/30/08, 11:23 pm
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