How to Collect Money from a Debtor's Inheritance
A person borrowed money in the form of a personal loan from a friend, stating that they would repay it when they received an inheritance from their parent's estate. They are now about to receive the inheritance, but the friend who lent the money does not believe that the borrower is going to repay the loan. Is there a way to place a lien against the inheritance or to make a claim directly with the estate?
Re: How to Collect Money from a Debtor's Inheritance
The debt is owed by the heir, not the estate. In order to collect money from the estate before it is distributed to the heir, the lender would first have to obtain a judgment against the debtor and then get the court to order garnishment of the inheritance. If the inheritance is going to be distributed soon, it may be too late to complete that process before distribution. If a considerable amount of money is involved it makes sense to work with a lawyer.