When someone is owed money by a dead person's estate, that person and the one managing the estate can agree to settle for a different amount than what was originally claimed. This can happen even if the debt is not yet due or the exact amount is not yet known, as long as it seems like a good deal for the estate.
473.427. of against . — When a against the estate has been filed or suit thereon is pending, the and , if it appears for the best interest of the estate, may compromise the claim, whether due or not due, absolute or , or .
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Source & history notes
(L. 1955 p. 385 § 159, A.L. 1980 S.B. 637) Effective 1-01-81
Related Missouri laws
Payments of claims and statutory allowances in order of classification
RSMo 473.430
Claim of personal representative
RSMo 473.423
Payment of claims not required prior to six months after first publication
RSMo 473.433
Extension or renewal of encumbrances of assets
RSMo 473.437
Enforcement of judgment, attachment or execution liens which attached prior to decedent's death
RSMo 473.440
Hearing and disposition of claims
RSMo 473.413
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.