Legal Question in Wills and Trusts in Pennsylvania

Repayment of loan to estate

The recently deceased gave an unsigned $5,000 loan to his grand daughter

for college tuition, which she has been paying back since her graduation four

years ago. Does the balance of this loan have to be repaid to the estate, or is

the loan absolved upon the death of the grandfather?


Asked on 4/17/05, 7:57 am

1 Answer from Attorneys
Mark Johns Mark Johns, Esquire

Re: Repayment of loan to estate

The debt is an asset of the estate. A such it must be repaid as was agreed.

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Answered on 4/17/05, 9:00 am


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