deceased parent co-signed loan

[wisconsin]

What is the name of your state? Wisconsin

My parent passed away a year ago. I am the executor of the living trust, and receive any mail addressed to my parent. I have recently come to believe that my parent co-signed a loan for my sibling, who is apparently not paying the bills. Is my parent's estate still liable for the loan if my sibling defaults?

 

[Dandy Don]

Yes, so set aside the full amount in reserve now just in case that eventuality occurs. Is sibling being responsible so far in making repayment to whoever gave the loan?

And the correct term for yourself, if you are managing a TRUST, is trustee, not executor. Executor applies only to the will.

DANDY DON IN OKLAHOMA ([email protected])