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    jkasdftrinier's Avatar
    jkasdftrinier Posts: 1, Reputation: 1
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    #1

    Dec 13, 2007, 09:56 AM
    A Debt owing to an estate
    I live in Ontario. In 1995 my mother loaned my husband and I money for a down payment on a house. She took a mortgage out on her house to get the cash. We signed a promisory note to reference her mortgage. Her mortgage was discharged within a year. She paid it out. We signed a second paper with the amount left we had to pay her. This was done in 2000. She passed away in September 2006. Beneficiaries of the estate are now trying to say we owe the amount on the promisory note from 1995 as well as the balance owing from 2000. Do we have to pay any of this money to the estate. Thanks.

    Kathy
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Dec 13, 2007, 10:05 AM
    If you had a balance owing after she died, then yes you have to reimburse her estate for that amount.
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