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Hello, my name is ***** ***** I’ll do my best to assist you today. I am sorry for your loss.
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Your mother's estate would be liable in the first instance for the loan, but if there is not enough money in the estate to clear the loan then as guarantor you will remain personally liable for the debt I'm afraid.
Her estate includes property, cash, savings, items of value etc.
Are there sufficient assets to discharge the loan, do you think?
Did she leave a will? If so, it would appoint an executor to manage her affairs after she died.
If not, then you will have to consider applying to administer the estate - and opening probate which deals with these issues.
Either way, you should contact the loan company and explain the situation, and that the estate should be able to discharge the loan, but that it will obviously take some time to sort out the affairs.
Depending on the terms of the loan, the loan company may be able to freeze payments whilst probate is completed.
I hope this assists.
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