Norm and Roger, I am not going to assert any claim of knowing the real answer, but I will offer up some impressions. First, I don't think the question can be answered without knowing the terms of the guaranty. For example, and reaching back into ...
I assume the guaranty remains in effect if the guarantor dies – it would presumably be a contingent liability of the estate. How that works I don't know – it may be that the guaranty will become unenforceable after some period of time because of the ...
Client has guaranteed a Loan by daughter. Client wants to know what happens if she dies and the guarantee is still in effect. Does the estate have to pay off the loan? Do we notify the lender of the death? Is the loan a debt of the Estate? Any ...