Hmmm, interesting question to ask.
You'd probably have a different answer if you were the person owed money to.
One shouldn't be able to escape paying debts just by dying. This debases trust in our business system. So the law forces the decedent's estate to take care of outstanding debts (that can't be wiped out by death)
Quote:
Originally posted by theking
...I inherited one of my ex mother-in-laws estate. I was the beneficiary on all of her accounts expect for one and the home was not in my name...so one account and the home has to go through probate (my Attorney said it will probably take about seven months). I learned from my Attorney that I will have to advertise in a local paper so that any debtors she may have had can have the opportunity to collect from me.
It kind of seems to me that when a person dies one should be forgiven not paying the "garbage collector".
|