Addressing Claims Against An Estate In San Antonio

Claims against an estate in San Antonio are typically made when someone still has outstanding debt after they pass away. This debt could be related to:

• Credit cards and lines of credit
• Specific loans such as business loans or student loans
• Outstanding medical debt
• Back taxes that are owed
• Liens on property

As a general rule, the estate executor or administrator is responsible for handling outstanding debts. But this can certainly be a complex process, especially if the passing was sudden or unexpected.

At Aldrich Law Firm, PLLC, our team of experienced probate attorneys is here to help. We have the knowledge and understanding of the legal process to help this go smoothly. We are known for results and rely on years of combined experience to explore all legal options. Since claims against an estate can dramatically impact an inheritance, you and your family must know what options you have – and our lawyers can provide the guidance you’re looking for at this time.

Who Pays These Remaining Debts?

Beneficiaries and family members do not inherit debts unless they were also cosigned on the loan. Instead, it is up to the estate executor to use the funds from the estate itself to settle the debts. Only after this is done can they distribute the remaining assets to the beneficiaries.

One potential issue is if the estate is insolvent – there is more debt than remaining assets. Since debt is not inherited, some creditors may not be paid in full. Creditors can file a claim against the estate, and the court will order how payments should be made. This may include creating an order of priority for specific creditors.

Contact Us Now

Our law firm can help defend against these claims and navigate this process. We will ensure that the proper legal steps are followed and that creditors have the proper standing. We can also work to ensure that protected assets – such as those placed in a trust – remain protected from this claims process. To set up an initial consultation, just use the online form or dial CALL now.