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Link Financial - Father Deceased
YellowSunflower2009
Posts: 24 Forumite
Where do I stand with Link Financial if my father has just recently passed away and they are chasing a debt for £355.99. Do I call them and say he’s passed away or what?
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Comments
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Is there an estate?0
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It depends, debts don’t die with the debtor. If the estate has the assets to pay them. There is a strict order in which estate assets are distributed.
1. Secured debt.
2. Funeral costs
3. Unsecured debt
4. IHT
5. Beneficiaries.
If his estate is insolvent with no assets to pay the debt then you write to them informing them of the death (including a copy of the death certificate), tell them that the estate is insolvent and that no one is administering the estate.
Is the estate insolvent? If not are you having to apply for probate?1 -
No the estate is not insolvent0
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You just pass the letters on to whoever is administering the estate. They, or you if you are administering it, would contact link and tell them that the person has died and that they/you will contact them again when they/you know how much, if anything, the estate will be able to pay them.1
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so sorry about your Father.YellowSunflower2009 said:Where do I stand with Link Financial if my father has just recently passed away and they are chasing a debt for £355.99. Do I call them and say he’s passed away or what?Sept 24 : £32000 Sep 25 - £10356 Feb 26 - £6872
May 25 : £14000 Oct 25 - £9569 Mar 26 - £6726
June 25 : £13000 Nov 25 - £9275
July 25 : £12000 Dec 25 - £8975
Aug 25 : £11436 Jan 26 - £80651 -
Who is the executor of your late fathers estate?YellowSunflower2009 said:Where do I stand with Link Financial if my father has just recently passed away and they are chasing a debt for £355.99. Do I call them and say he’s passed away or what?
They must deal with the matter, if there is sufficient money/assets to pay the debt after the important stuff has been paid, then the executer should write and tell them he is deceased, they will likely need to enclose a copy of the death certificate as well.
If his assets will not stretch to paying this, the executer should tell them so, and the debt will be written off as unrecoverable.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1 -
Thank you all 🙏🏻0
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