Will I be liable for any of the debt of deceased if I am appointed Legal Representative?
Full Question:
If I am appointed Legal Representative of deceased estate, will I be liable for any of the debt of deceased?
06/14/2007 |
Category: Wills and Es... ยป Executors an... |
State: ALL |
#6438
Answer:
The executor is personally responsible for the payment of all of the decedent's bills and taxes to the extent of the estate's assets. Therefore, if the estate's assets are distributed to anyone other than (1) the decedent's creditors and (2) the decedent's beneficiaries, the executor can be held personally liable.
