Executors are not personally liable for unpaid debts or lender losses. Costs are paid from the estate or prioritized by law.
'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?
It’s difficult to wait for probate while debts go unpaid, but your patience might run out if an executor leaves things hanging to go on vacation. If your $60K inheritance is tied up and you’re stuck ...
As an executor you are responsible for collecting the estate’s assets, settling any debts, arranging the payment of inheritance tax (IHT) and distributing whatever is left to the beneficiaries in ...
Most people are completely unaware of the heavy personal legal and financial responsibility they accept when they agree to ...
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