Can I use trailer sale funds to pay lot rent if the estate is insolvent?
Dolan Williams
LawyerOk got it - so legally speaking, yes you can pay the landlord from the money received. The reason is that debts from the estate of the deceased can be paid using estate funds. So if this home was owned by the estate at the time then it can be used to cover any past due amounts! Just be sure to save receipts!
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Can I use trailer sale funds to pay lot rent if the estate is insolvent?
This estate is in ********* , VA. I look forward to getting some advice.
Hello! My name is Dolan and thank you so much for contacting me! I just had a few quick questions for you: What state is this in again? Also, how soon do you think you'll get the sale accomplished?
Is there something I should be doing or I am just waiting?
Estate is in Virginia. The trailer has been sold.
Ok got it - so legally speaking, yes you can pay the landlord from the money received. The reason is that debts from the estate of the deceased can be paid using estate funds. So if this home was owned by the estate at the time then it can be used to cover any past due amounts! Just be sure to save receipts!
I just received a text from the purchaser. He is paying the lot rent fee so that he can move it this weekend. His lawyer told him if it wasn't paid they could block him. I guess at this point I need to know if I send him the money can I be held responsible for mismanagement funds?
No - to be considered mismanaging the funds, it means that you would have to do thing like spend it on items for yourself, lose the money, or just unreasonably delay on payments - based on what you provided, I don't see a legal basis for that at all!
Thank you. That makes me feel better. FYI chat system is working oddly. I don't see your message until I send one to you. I saw your response when downloading to PDF
I hear you! It's very strange and I'm so sorry about that! lol. I have to run for the evening, but I will be back tomorrow if you've got questions.