Handling Deceaseds Van Payments
Summary
If a father-in-law passes away and still owes on a van, the executor or court-appointed administrator handles the debt. If no executor exists, the Probate Court appoints an administrator. Joint accounts with rights of survivorship transfer funds to the surviving holder. Consult a local attorney for personalized advice.Full Conversation
Father-in-law passed away in February. He still owed on a van. Is it legal for someone to keep paying for it out of joint bank account?
Hi ****, I'm sorry for your loss. In Arkansas:
- If the joint account had "rights of survivorship," the remaining funds belong to the surviving account holder.
- As for the van, the executor of the estate would typically handle the deceased's debts.
Please consult with an attorney for personalized advice.
What if there is no executor?
If there's no executor, an "administrator" will be appointed by the court to manage the estate. This person has similar responsibilities to an executor, including handling debts. Consult with a local attorney for further guidance.
What court?
The court in question would be the Probate Court in your county. As you're in Arkansas, you can find your local Probate Court through the Arkansas Judiciary website. They can provide further guidance on appointing an estate administrator.