Can an executor of an estate abandon his duties and the estate because there is only debt?
Full Question:
If an executor of an estate wants to abandon his duties and the estate because there is only debt on the estate, can he do that?
02/06/2009 |
Category: Wills and Es... ยป Executors an... |
State: New York |
#15177
Answer:
If you do not want to be an executor, you may decline to serve by filing a renunciation with the Surrogate's Court. Your renunciation must be signed in front of a notary public. Once you have accepted the responsibility of an executor, you will need court permission to terminate your role.
