Legal Question in Wills and Trusts in Illinois
My exhusband passed away a few weeks ago. He was not remarried and left a minor child. He has a mortgage and around 2000 in debt. He ownes two vehicles and a VERY small amount of money in his account which would not even cover the debt. What can I do. I'm in Illinois.
He only has 1,400 in the bank. How can I transfer the vehicles to my daughter or sell them? Should I contact the mortgage company and let them know he passed away?
1 Answer from Attorneys
First, you should attempt to determine the net value of the estate. Is the house underwater? If all of his assets were sold, would there be a meaningful amount left after all creditors were paid?
Once you have that answer, contact an attorney so that you can fully explore your options. Feel free to call me for a free consultation.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
