Appellate Practice Attorney serving New York, NY
You don't indicate whether the "father's company" is a separate entity (i.e. a corporation or llc), in which case his death affects nothing, the entity (not the daughter or any sibling) remains liable. If the father ran a sole proprietorship, i.e. the bussiness was not a separate legal entity, it gets more complicated. The daughter (or sibling) still has no individual responsibility for the father's obligations, but you would have a claim against the father's estate, and may be able to collect from the estate's assets, such as the business, even if they were transferred to the daughter.
Answered on Apr 17th, 2019 at 7:41 AM