If my grandmother died and we gave her car back to the bank with 40,000 miles on it and less then $5,000.s owed, since the front bumper is damaged do we have to fix it?
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If my grandmother died and we gave her car back to the bank with 40,000 miles on it and less then $5,000.s owed, since the front bumper is damaged do we have to fix it?
It wants us to make the repair.
Asked on July 4, 2013 under Estate Planning, Florida
Answers:
Nathan Wagner / Law Office of Nathan Wagner
Answered 10 years ago | Contributor
You personally should not have to fix it. However, your grandmother's estate might have to fix it, depending upon the terms of her car loan agreement. So, the bank might be able to make a claim on your grandmother's assets (if she has any) for the $5,000 still owed on the loan and the damaged bumper.
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