Lease contract in an S-Corporation, Partner now deceased..it was my husband's company
Husband was a partner in an S-corp. The lease in the name of the corporation, but only his name is on the lease. He signed as Pres. of the company. He died, left his 50% portion to me. The contract states...
House was in both our names, husband/wife w/ rights of survivorship. Mortgage was late husband's name. I am the executrix of the estate---and house is now in my name alone.
Estate is still open and will be for a while (maybe up to a year).... am I able to rent the house and keep the...
I have a student loan that is approximately 24K. It has been in collections for years. I now am in the position to pay it off in full, but there are an additional 16K in "fees" and "interest" (approx 8K each). Can I negotiate this amount down? And am I able to do this on my own or must I hire...
:) Guess I shouldn't exactly be impressed by my attorneys either. The only thing the estate attorney has told me to do is to have my NJ Surrogate's Office publish a notice for creditors. Is that it? That seems a little....ah, well..it just doesn't seem very thorough.
As for the terms of...
Okay, well that sounds good, except aren't I required to notify them of my husband's death? I think the terms of the loan state that is will go into default if one of the guarantors dies. Not that I'm in any hurry to let them know, but aren't I legally obligated to do so?
The business is...
Husband died, left signed personal guaranty for a couple of loans at his business. His partner signed the mirror guarantees for each loan. There is not much $ in the estate, but there might be at some point. The loans are for over $300k, the language says that both are "jointly and...