The executor is not personally liable. They are required to use the estate funds to resolve bills.
The executor is responsible for paying the bills. They do not pay it out of their own pocket, it is the estate that pays.
If there is a will the will should name an executor and the estate must be probated. While the "estate" is liable for the bills, it is the executor who is authorized to settle them out and pay them once they have been appointed by the probate court. The debts must be paid before any property can be distributed to the heirs.
The executor is liable for any errors they make in paying debts or paying beneficiaries.
can the executor be liable for estate tax
They have breached their fiduciary duty. They can be held liable and prosecuted for theft.
The executor is not personally liable for anything. The estate is liable for all of the debts. If the executor is going to inherit anything, there may not be anything for them to get.
The estate is generally liable for all bills and expenses (not you). Hire a probate attorney to help sort this out. The estate will need an executor.
The executor is responsible for paying any debts, including taxes, owed by the decedent before any assets can be distributed. If the debts are not paid and assets are distributed the executor can be held personally responsible.
It should be in the name of the estate. Putting it in the executor's name might make them liable for the money.
No. The executor or executrix cannot be held personally responsible for the decedent's debts.
You should bring the issue to the court immediately along with the proof. A self dealing executor is personally liable for any wrongdoing and can be removed and charged.
The estate is responsible for attorney's fees. The executor is responsible to pay the debts of the estate before any property can be distributed. If the executor mishandles the funds they will be personally liable.
An executor is the person who carries out the provisions in a person's will. An estate is the property owned by a person at the time of their death. If a person who died left a will the person appointed by the court to carry out the provisions of the will is the executor of the estate.When a person dies without a will (intestate) the court will appoint an administrator of the estate.