If my father financed a car for my daughter because her credit was shot but he just passed away, what happens to it during probate?

She cannot get a loan in her name.

Asked on October 24, 2015 under Estate Planning, Texas

Answers:

B.H.F., Member, Texas State Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

The loan will need to be addressed during the probate.  The lender may want to be satisfied by the assets in the estate.  If the assets are used to satisfy the debt and everyone agrees to let your daughter keep the vehicle, then her loan will the be payable to the estate, instead of the lender.


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