Do I have to turn my deceased husbands car to creditors? 2 Answers as of March 03, 2011

I have a car that was my husband's who passed away. It's been in storage over eight yrs. It was never paid off and the debt was written off by the creditor eight yrs ago. I want to get it out and register it. Do I still have to pay it off? Or turn it over to creditor?

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Theodore W. Robinson, P.C.
Theodore W. Robinson, P.C. | Theodore W. Robinson
If your father left a Will, it will ordinarily say that all of his debts must be paid off upon his death from his estate. Since his car represents an asset of his estate, the estate much pay off the loan if there still is one and if it can't or doesn't want to pay it off, then it should be given back to the creditor in lieau of a General Release saying the estate is no longer liable for any further payments. Hope that helps.
Answer Applies to: New York
Replied: 3/3/2011
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