legal  money


Question by  sp1983 (31)

How is credit card debt handled when a will is in probate?

My father died with a great deal of credit card debt and the bills are not being paid as the will is in probate.


Answer by  patti (29325)

Once the will is probated, call the credit card companies as executor of the will and offer to settle. You'll save thousands and thousands of dollars.


Answer by  CarlSCansino (464)

Once a will is filed for probate executor is required to run in the local newspaper where the decedent resided an advertisement entitled "notice to debtors and creditors. " Credit card companies are required to file a claim with the executor within a statutory period. Failure to files such a claim by the credit card co will prevent them from collecting.


Answer by  tamarawilhite (17883)

The amount owed will be paid by the estate after an executor of the estate is determined. All property remaining after the debt is paid will be distributed to heirs.

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