Notify debtors

During the administration of the estate, you might find paperwork related to debts owed to the deceased. You might need to work to collect on these outstanding debts to bring the money into the estate for the benefit of the beneficiaries.

Consult with the estate’s attorney to determine how long the debtor(s) have to complete payments and what the proper methods of notification of payment are. Unless there is a contract that specifically states that the debt will be forgiven upon the death of the will maker, the death should have no impact on the liability – payment is still owed.