When someone is owed money by a dead person's estate but the payment isn't due yet, the court has a few options. The court can pay the creditor right away using the current value of what's owed, hold enough money aside until the payment is due, or let the heirs give a written promise (bond) to pay the creditor later according to the original terms.
473.383. not due, proceedings. — The court may allow any filed against an , which is payable at a future day, at the then thereof, or the court may the or to retain in his hands sufficient funds to satisfy the same upon ; or if the , , or offer to give to a for the payment of his claim according to the terms thereof, the court may order the bond to be given in of such claim.
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Source & history notes
(L. 1955 p. 385 § 146)
Related Missouri laws
Claims, form and verification
RSMo 473.380
Secured claims
RSMo 473.387
Contingent claims
RSMo 473.390
Collection of contingent claims from distributees
RSMo 473.393
Establishment of claim by judgment
RSMo 473.370
Classification of claims and statutory allowances
RSMo 473.397
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.