Hi,
In a case where a widowed person dies when in the Fair Deal Scheme and a Nursing Home Loan was availed of and will become due in full.,
Is it possible for executor to repay the loan from the deceased persons liquid assets rather than selling the home ?
Or is it possible to repay the loan from the 'accountable persons' assets in order to avoid selling the home ?
The family would like to retain the home in Ireland as long as possible (about 1 year from the persons passing).
In a case where a widowed person dies when in the Fair Deal Scheme and a Nursing Home Loan was availed of and will become due in full.,
Is it possible for executor to repay the loan from the deceased persons liquid assets rather than selling the home ?
Or is it possible to repay the loan from the 'accountable persons' assets in order to avoid selling the home ?
The family would like to retain the home in Ireland as long as possible (about 1 year from the persons passing).