Promissory Note Payable to Deceased Person

By HSK, September 2, 2014

The Ninth District Court of Appeals recently held that a promissory note payable to a deceased person could be the basis of a suit by the estate fiduciary for recovery of the money.  If the person you borrowed money from dies, do not think your obligation is over.  Once the probate court appoints a fiduciary for the estate, that fiduciary can take action in court to collect what is owed, especially if the debt is documented in writing.

Comments (0)

Add your comment