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Death of Co-Signer on Student Loans

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  • 03-03-2011, 10:40 AM
    rjyrc1941
    Death of Co-Signer on Student Loans
    My question involves collection proceedings in the State of: California
    I am a cosigner on my daughter's student loans. In the event of my death and should she default in repaying the loans, what are the obligations of my estate (which is in trust)?
  • 03-05-2011, 05:18 AM
    Mr. Knowitall
    Re: Death of Co-Signer on Student Loans
    If she is delinquent at the time your estate is opened, your estate would notify the lender (as a creditor) of your death and the opportunity to present a claim against your estate. If she is not delinquent while the window for making claims remains open, or for whatever reason they don't make a claim, the estate will be distributed without regard to your status as cosigner.
  • 03-23-2011, 09:21 AM
    rjyrc1941
    Re: Death of Co-Signer on Student Loans
    Thank you.
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