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I am trying to pay off all depts and don't know how to find them, any ideas? Loan offices can do this can we?

2007-03-03 03:49:28 · 3 answers · asked by me in the shower 1 in Business & Finance Personal Finance

3 answers

You are not required to pay off debts of a deceased person unless you are paying them out of his estate prior to settling the estate.

Believe me, if he owes anyone money, they'll find you.

Get a copy of his credit report. If there is any outstanding debt, it's probably going to be listed on there. Normally, only the person the credit report belongs to is allowed to access it but there is probably some way to do this if you are the executor of the estate and you're trying to settle debt before the estate is distributed between whoever is inheriting.

2007-03-03 03:55:56 · answer #1 · answered by Faye H 6 · 2 0

Are you the executor of the estate? Like the previous answerer, I believe the bills will come in. Do an advanced search on Google.
duties of estate executors.
There will be many sites, and at least one will be appropriate for you. You may even fine tune it by adding your state. Even if you are not the executor, you will be able to make use of the info when talking to the appointed person. One thing that will have to be done is for the exec to have a copy of the death certificate and go to the post master of his address and arrange to have his mail forwarded or leave the names of individuals authorized to pick up his mail if his house hold has been closed. Mail should no longer be delivered to a house without residents. That way, all bills against the estate should end up in the right hands to be dealt with.
If your father passed away without naming an exec., the local court will appoint one, and you need to contact them. They may see fit to appoint you, if there are no objections from other parties with interest. Only the exec can be authorized access to his funds for this purpose. That is the reason for probate, so all claims against the estate can be answered before any distributions are made.
When my brother passed away and we were closing his house up, I checked his answering machine and found calls from collectors. I called them back, explained that the debtor was deceased and got details of the claim to pass on to the exec. It was surprising how many were bogus. Some were the results of improperly filed medical claims, and quickly straightened out. In the end, less than 10% needed to be paid.
The person in charge needs to stop services no longer in use, cell phone, cable, satillite, etc., because until they are, the bills are legit. If there is someone in the house who needs these services, there is no rush on changing the names on accounts, but it still should be done.
I'm so sorry to hear of your father's death, and he was blessed to have such a responsible child. Just do not feel there is a huge rush to pay off every thing that comes at you or even to seek them out. Many things that come your way may not be collectable or legitamate. That is what probate is for, and the executors job to do.

2007-03-03 04:40:16 · answer #2 · answered by character 5 · 0 0

Ask your attorney.

2007-03-03 04:38:14 · answer #3 · answered by Mrs. Goddess 6 · 0 0

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