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Thank you for your question --- this is definitely a difficult situation, and one I am sure is emotionally charged. The death of loved ones is a hard time, and money disagreements can compound that.
The answer to your question depends on how the estate is set up --- what the will says, how it reads, etc. The timing of the loan, and the loan agreement terms could come into play as well.
In a situation where there are three beneficiaries who are to split everything equally and the loan was made after the death of the decedent then yes --- what you are saying would be true. Everyone else would get $34,000 first and then split the remainder. However, it could be more complicated than that --- take all your documents to an estate attorney licensed in the state where the estate is located for an opinion
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Was it made prior to the death of the decedent? If so, then it doesn't matter -- if the estate and the executor made the loan, then yes -- you would need to factor that in as a distribution to that heir when considering other beneficiaries if the loan was not paid back.
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Just got your second part --- if the loan was made before your mom passed away, then it doesn't matter, unfortunately -- especially if it was no documentation on the loan.