We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Link Financial - Father Deceased
YellowSunflower2009
Posts: 22 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?
0
Comments
-
Is there an estate?0
-
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?0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards