QUESTION
Death between contract for sale of property and closing
Asked on Dec 22nd, 2014 on Estate Litigation - Ohio
More details to this question:
My father signed a contact for the sale of property. He died before the real estate closing. No consideration ($0) was given for he contract. Is the contract null and void because of his death with the property going into his estate?
1 ANSWER
In many states, a contractual obligation survives death. But the other party to a contract typically must formally assert the claim within a relatively short period after the death. Failure to timely assert the claim can result in it being lost.
Answered on Dec 31st, 2014 at 6:56 AM