The lesson is that if you want to lend money to a relative or friend, you should make a signed agreement to confirm the terms of the loan, so your executors will then find it easier to get the repayment. In any case, it makes sense to have a written agreement so that both parties know their terms and everything is clear from the beginning. It is the vague agreements that are far more likely to cause death problems than if everything was properly documented from the beginning. In order to ensure that they comply with these obligations, personal representatives should insist on the repayment of any loans. Otherwise, the estate accounts may be inaccurate. No, they didn`t do anything wrong, and yes, it`s terrible timing. But your co-signer has just triggered the death and bankruptcy clause. Succession is the legal procedure that deals with the transfer of your property to your beneficiaries. Estate includes attorney fees – and there are many ways for people to prevent assets and debts from going through the estate. You can create trusts and create accounts for direct beneficiaries or “payable in the event of death” based on assets. Of course, you don`t need to indicate that a loan needs to be “amortized.” You can also mention the credits in progress in your will that you expressly want to repay. This can give your executors clarity about your intentions..