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With a property that has been deeded and trusted can credit card companies go after the trustee?
Women deeded and trusted her home to her brother. She was never married and had no children. She died and credit card companies are harassing the brother to pay the debts. The deed and trust was put in place 6 years prior to death. Can they go after the home or after her brother for her debts?
1 Answer
- badmofauxLv 71 decade agoFavorite Answer
Doubtful.
They can try. But, chances are they won't ever be able to collect.
Credit card debt is non-secure, no collateral.
The link below has a story where a widow, who was actually an authorized signer (but not the account holder), learned she did not have to pay ANYTHING. So, I'd guess a sibling would be less legally bound than a spouse.
If he feels it's right, he can offer a settlement. If he wants to stiff 'em, he probably can do that too.
But, he'll probably get sued and, he'll have a few black spots on his credit report.
These things can be fixed. But, it will take time, effort and money.
To start with, if I were him, I'd drop some dough on a lawyer who specializes in this sort of thing and knows the laws of his state.