What is the name of your state (only U.S. law)? CALIFORNIA
HELLO.
This Estate is Insolvent.
There is a house with (if lucky) $10k of Equity
There is a vehichle worth $3-5k
Some recreational (titled) vehichles worth maybe $3k
Debt is over $30-40k
(several different creditors).
Intestate Heir is mother (no spouse).
Mother can walk away from house and let it foreclose.
What do you do with the vehichles?
The estate is not worth paying a Probate Attorney for.
But how do you reconcile these items.
If possible. A family member would like to have one of the Vehicles. Is there any way they could "buy" it?
Thanks for any advice.
HELLO.
This Estate is Insolvent.
There is a house with (if lucky) $10k of Equity
There is a vehichle worth $3-5k
Some recreational (titled) vehichles worth maybe $3k
Debt is over $30-40k
(several different creditors).
Intestate Heir is mother (no spouse).
Mother can walk away from house and let it foreclose.
What do you do with the vehichles?
The estate is not worth paying a Probate Attorney for.
But how do you reconcile these items.
If possible. A family member would like to have one of the Vehicles. Is there any way they could "buy" it?
Thanks for any advice.