Query regarding overdraft from parent's estate

[walkdoglater]

Hi, my parent died last year leaving me a house (I am the sole beneficiary). My solicitor has advised that there is an outstanding overdraft of approximately €4000 to be repaid.

My query is, how do banks generally go about having this overdraft repaid? I am not really in a position to pay the amount off in one go. Would they be amenable to have this converted into a loan? And if so, would they be charging interest on this loan?

 

[Thirsty]

The debt is not personal to you, it has to be paid by the estate.

Are there other assets in the estate? Was there any life assurance? How were the legal fees paid? (or how will they be paid if thats not yet done)

 

[mathepac]

Have you discussed this with the executor. S/he is responsible for paying off bills/debts before distributing residue.