What is the name of your state (only U.S. law)? MA
My dad passed recently, and I'm named executrix. At the time of his passing he had less than $1,000 in assets, and credit card debt just under $10,000. After paying funeral costs (above and beyond his $5400 life insurance policy), and other misc costs, his cash balance was in the negative by about $5. I sent a letter to the creditors stating the estate is insolvent and attached a death certificate. I am now getting letters from collection agencies. The will has not been probated, as there are no funds available to pay for it, and no assets in the estate. My dad owned no property, stocks, etc. Do I correspond with the collection agencies or just let it go?
Thank you.
My dad passed recently, and I'm named executrix. At the time of his passing he had less than $1,000 in assets, and credit card debt just under $10,000. After paying funeral costs (above and beyond his $5400 life insurance policy), and other misc costs, his cash balance was in the negative by about $5. I sent a letter to the creditors stating the estate is insolvent and attached a death certificate. I am now getting letters from collection agencies. The will has not been probated, as there are no funds available to pay for it, and no assets in the estate. My dad owned no property, stocks, etc. Do I correspond with the collection agencies or just let it go?
Thank you.