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Author: irasmilo Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121256  
Subject: Re: WAY OT, but I don't know where to ask Date: 1/26/2005 8:18 AM
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Regarding a financed car which is now an asset of an estate...

Tell the executor to contact a lawyer who is experienced in estate law. It is possible under the right circumstances for the estate to take title to the car without paying off the outstanding balance on the loan.

He should NOT be discussing this with the car finance company nor should he be making any payments against the outstanding balance until he understands his obligations as executor.

Ira
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