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| The independent answer to your debt problems | login join |
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Vivo77
| 25-01-2009 10:00 PM |
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Joined: 25 Jan 2009 Posts: 1 | Hi, Can anyone advise? My wonderful wee sister passed away suddenly last week. She is 2 months away from end of her trust deed and owns her flat. They offered her a settlement figure rather than going after equity in her flat but I am unsure how this stands now that she is dead. Pretty upsetting times, but I need to know where I stand as next of kin. Any advice gratefully received. V |
| DW George | 25-01-2009 11:34 PM |
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Joined: 01 May 2007 Posts: 494 My Profile | Hi Vivo77 I am really sorry about your loss - money worries are perhaps the last thing you need at a time like this. Your wee sister's estate will be administered by the executors and they will have to ensure that all outstanding debts are settled from it. If there is not enough money in the estate to settle, the outstanding debts are written off. Basically you and your family will not be liable for any unpaid debts your sister had. Hope this helps. Please post back if you need more info. Our deepest sympathies George |
| paladin | 26-01-2009 09:51 AM |
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Joined: 06 Jun 2007 Posts: 240 My Profile | Hi Vivo77 I would also like to pass on my sympathy to you and your family. George missed out that if your sister had signed any loans jointly, then the liability of the debt would pass to say her husband or partner. Don't hesitate to post back if you need more information. P |
