Executors are not personally liable for unpaid debts or lender losses. Costs are paid from the estate or prioritized by law.
Prior to the distribution of an estate by an executor to its beneficiaries, an executor must prepare an accounting which outlines the assets of an estate, its liabilities, and the expenses paid by an ...
How to avoid the strong potential for family strife.
'There's no trust in place, but there is a will' "How long does it take for an executor to be able to access the account and pay the debts of the deceased?" (Photo subject is a model.) Dear Quentin, ...
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My dad died 4 years ago and I already got my inheritance. Now my sister, the executor, wants the money back. Do I have to pay?
It's difficult enough to lose a parent — but what do you do if a sibling isn't suited to be the executor?
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