Did mother have anything in writing?
Was it secured with a mortgage of any type?
Were any payments paid with proof of payment?
You have to overcome any statute of limitations problems
with a legal reason..
The answer given does not imply that an attorney-client relationship has been established and your best course of action is to have legal representation in this matter.
If the debt was from 1998, then the statute of limitations would have expired on the loan. This means your mother could not have sued to collect the money at the time she died. Therefore, it is probably not part of her estate and you will not inherit any of that money.
Please note that I am answering this question as a service through Avvo but not as your attorney and no attorney-client relationship is established by this posting. An attorney-client relationship can only be established through signing a Fee Agreement and paying the necessary advanced fees.
I agree with Attorney Reed. Additionally, many times loans to family members are forgiven in wills. And, since the loan was between your mother and your sister, it is their concern - not yours. If your mother had been concerned about getting HER money back, she could have pursued that. She didn't. Let it go.
Carol Johnson Law Firm, P.A. : (727) 647-6645 : email@example.com : Wills, Trusts, Real Property, Probate, Special Needs: Information provided here is anecdotal and should not be relied upon or considered legal advice. Every matter is different and answers given here are general in nature and may not reflect current Florida law at the time you are reading this posting. Please contact me if you feel you need additional assistance with your matter.
First, let me say that I agree that as a practical matter, you might want to forget it. However, many loans between family members are demand loans and we have successfully collected them. The Statute of limitations should not begin to run on a demand loan until demand is made.
How much was the loan? Who is the Personal Representative? How much do you want to spend in attorneys' fees? Those are all questions you need to ask.