[WSBAPT] Chicken and Egg Question - Probate - Creditor's Claim

[Bryce Dille]

I doubt very much if you can find a lender who will loan to PR. Is the property going to go to PR when probates closes if so deed it now and have PR take loan out in PR'S name and have the PR loan it to the estate if there are other heirs and assuming there is another asset in the estate to pay off the loan

Bryce H. Dille | Attorney at Law
Dille Law, PLLC
P: 360-350-0270 | F: 844-210-4503
2010 Caton Way SW, Suite 101
Olympia, Washington 98502
www.dillelaw.com

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-----Original Message-----
From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Paul Neumiller
Sent: Tuesday, September 17, 2019 4:37 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Chicken and Egg Question - Probate - Creditor's Claim

Listmates:  PR is surviving spouse.  PR needs to take out a loan secured by the family residence to pay off a creditor's claim.  Can a PR, as PR of an estate, borrow against an estate asset such as the residence or does PR have to transfer the residence into PR's name first, then borrow against the residence in order to pay off the creditor?  




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