Snorvey wrote:What happens to the outstanding director's loan?
What are the precise terms of the loan (if any)?
In any event, in normal circumstances the loan would be repayable from the assets of the Estate, once the Executors/Administrators have received Grant of Probate /Letter of Administration.
Is there more you are not telling us and is there any reason you didn't ask at Legal Issues? If, for example, the husband is unwell, now might be the time for an additional director or two to be appointed.