Full question:
If I am appointed Legal Representative of deceased estate, will I be liable for any of the debt of deceased?
- Category: Wills and Estates
- Subcategory: Executors and Administrators
- Date:
- State: National
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.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
