More details to this question:
If I issued a promisory note to someone, and while paying off that note (per the terms of the note) and the person who loaned the money on the note passes away, does the obligation remain to pay the note to the estate, does the obligation survive the death of the recipient?
1 ANSWER
Unless the note provides otherwise, the obligation survives the noteholder's death. You now owe the money to the estate.
Answered on Oct 13th, 2014 at 1:32 PM