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2006-10-26 17:42:52 · 2 answers · asked by lovelowes48 1 in Business & Finance Credit

2 answers

Everywhere... that accepts the "army mwr chase credit card"

2006-10-27 18:27:16 · answer #1 · answered by abcdgoodall 4 · 0 0

Legally, there is nothing that the bank can do to your sister. She, personally, does not owe the money. She, as executor, does as the rep for the estate. Before any money can be distributed to the heirs, all outstanding debts THAT HAVE HAD CLAIMS FILED!!! are the estates responsibility. The only debts that do not have to file claims are the funeral & burial expenses, attorney fees, & administration fees. If they have not filed a claim, she does not need to do more than notifiy them that the estate is available for claiming and how to do so. If they don't file a claim by the time the court/state sets, they are out of luck. Nothing should be paid before the claim is received, however. A lot of times, if you contact the creditor after the claim is received, you can negotiate the balance down or have your attorney do so. As for the monthly interest, there is no reason for them to stop adding it until it is paid. Yes, they can put a lein onto the condo so that whoever buys the condo will also have to pay the lein or the realtor will have to pay it before giving the estate the proceeds for the sale. As you said in your question, the annuity will be split if no other expenses occur, well there is an expense, you have the money to pay it, & there is really no reason not to do so but the family being greedy and wanting the money for themselves. Your mom charged the bill, your sister, as her legal rep, needs to satisfy the debt as per her LEGAL responsibilities as the estate executrix. Also, if she just ignores this debt and pays out to the heirs, she can be sued and even jailed for deriliction of duty as a legally bound executrix. The court does not look kindly on people who agree to follow the rules in estate work & then embezzle money & yes, if she were to pay herself as an heir, it would be embezzlement because the debts weren't all paid per estate law. She should definately consult the estate attorney on this one, again, IF they file a claim. Just because they say mom owed a debt and send a bill does not mean an estate has to pay. If they filed a legal claim against the estate then, yes, before the heirs get anything, the debt needs to be paid or compromised.

2016-05-22 00:03:13 · answer #2 · answered by ? 4 · 0 0

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