New York State
My father passed away in July 2014. He leased a vehicle that we did an early termination on shortly after his death. Yesterday (6 months after the early lease termination) we received a letter from the bank addressed to my dad's estate, claiming that he is liable for the rest of the lease payments (roughly 5K). I am not sure how to proceed, and I am seeking an advice on what to do next. I am not sure if the bank accounts are in joint name or just my mom, and they also owned a coop, also not sure whose name it is in. Should I communicate back to the bank? It seems a little odd that it took them 6 months to send a bill, and the lease contract is hard to understand. Thanks in advance.
My father passed away in July 2014. He leased a vehicle that we did an early termination on shortly after his death. Yesterday (6 months after the early lease termination) we received a letter from the bank addressed to my dad's estate, claiming that he is liable for the rest of the lease payments (roughly 5K). I am not sure how to proceed, and I am seeking an advice on what to do next. I am not sure if the bank accounts are in joint name or just my mom, and they also owned a coop, also not sure whose name it is in. Should I communicate back to the bank? It seems a little odd that it took them 6 months to send a bill, and the lease contract is hard to understand. Thanks in advance.