What financial responsibilty does the executor of an estate have to creditors?
Full Question:
My uncle has passed away and left a substantial credit card dept. My cousin is the executor of the estate (no car, no property). My aunt is still living and has only a small pension and social security payment. My aunt is not named on the cards and neither is my cousin. What financial responsibility does my cousin have?
04/06/2007 |
Category: Wills and Estates |
State: California |
#2696
Answer:
Unless she signed an agreement with the credit card issuer agreeing to be jointly liable with her husband, she has no financial responsibility.