Legal Question in Credit and Debt Law in New York

I loaned my brother-in-law $18,000. We drew up a paper detailing the loan and how much he owed me monthly and had it notorized. My question is: if he were to die and his wife collects his life insurance, is she responsible for this debt if her signature is not included on our document?

Asked on 10/29/09, 9:59 am

1 Answer from Attorneys

Michael Markowitz Michael A. Markowitz, PC

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Technically, the estate would be responsible for the debt. You would have to sue the estate.

Mike.

Answered on 11/03/09, 10:58 am

Mark as helpful

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