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If a person is married is the executor of their will responsible for paying there bills?
Wiki User
∙ 15y ago
The executor is responsible for making sure all assets in the will are accounted for, along with transferring these assets to the correct party. He or she also needs to ensure that all the debts of the deceased are paid off, including any taxes. The executor is legally obligated to meet the wishes of the deceased and act in the interest of the deceased. The executor can be almost anyone but is usually a lawyer, accountant or family member, with the only restriction being that he or she must be over the age of 18 and have no prior felony convictions.
Source: Answers.com
Wiki User
∙ 15y ago
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If the debt is greater than the assets of the estate is the executor responsible to pay off the remaining debt?
Generally no. The estate is responsible for paying the sole debts of the decedent. If on the other hand the debts are owed jointly with the person who was appointed the executor then that person is still responsible for paying them.
Can a person who was living with your dad prevent his children from being appointed executor of his estate?
In general, a person living with your dad does not have the legal authority to prevent his children from being appointed as executor of his estate. The appointment of an executor is typically determined by the person's will or by law if there is no will. Family members are usually given priority in being appointed as executors. It is advisable to consult with a legal professional for specific advice regarding this situation.
Your dad passed are you responsible for his medical bills?
Depending on the jurisdiction, the executor of the deceased person's will is generally responsible for paying all remaining bills from his estate. So if you are your father's executor (and the executor is normally named in the will) then you are usually responsible for paying his debts which will often include his final medical bills. There may be exceptions depending on the location and other circumstances. I'm not a lawyer; I don't even play one on TV. Consult a lawyer specializing in estate law.
What is excutor of the will mean?
The executor of a will is the person responsible for making sure the desires of the will are carried out. They are responsible for paying off the debts and distributing the assets. They also have to pay taxes and file the appropriate reports with the probate court.
How is executor used in a sentence?
Executor is a legal term for a person responsible for carrying out the terms of a person's last will. "The executor delivered the jeweled pin to the niece named in the will."
What is a sole executor?
Sole executor is a single person. They are responsible for handling the estate. They will report the results to the court.
A person who carries out or manage affairs?
One possibility is the word "executor". It is common for people to assign one person as the executor of their will. This person is responsible for seeing that the deceased person's wishes, as expressed in the will, are honored.
Are relatives liable for nursing home bills?
Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.Generally, no other relatives except for a spouse is responsible unless they agreed to be responsible in writing. A person's estate is responsible for paying their debts.
What does an executive do in a will?
AnswerYou can look in www.fec.gov for the answer. :)
Who is the person responsible for paying office fees?
The person responsible for paying office fees is the administrator. This is considered to be an administrative function that ensures the smooth running of activities.
My father died and made me executor in his will What are my duties He has no assets. Do I need to file something legally?
Yes, you need to open an estate with the probate court. You can usually get a packet of the required forms at the courthouse. The executor of a will is the person responsible for making sure the wishes of the testator are carried out. They are responsible for paying off the debts and distributing the assets. They also have to pay taxes and file the appropriate reports with the probate court.
Who is held responsible for the loan on a repossessed vehicle?
The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.
