Legal Question in Wills and Trusts in Texas
If a person sells a small business to another individual and finances that business, then dies before all payments are made what happens. This is presuming there are no death stipulations in the contract, the deceased is single and has a minor child.
Asked on 2/22/12, 5:30 pm
1 Answer from Attorneys
Keith Engelke
Law Office of S. Keith Engelke
The payments are owed to the Seller's estate. The Seller's interest in the contract is an asset of the estate.
Answered on 2/22/12, 10:14 pm
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