Executors are not personally liable for unpaid debts or lender losses. Costs are paid from the estate or prioritized by law.
Finance Strategists on MSN
Do you pay inheritance tax before probate? What to know
Learn about the relationship between probate and inheritance tax, the payment process, important steps, legal implications, ...
'There's no trust in place, but there is a will' "How long does it take for an executor to be able to access the account and pay the debts of the deceased?" (Photo subject is a model.) Dear Quentin, ...
Money.ca on MSN
My dad died 4 years ago and I already got my inheritance. Now my sister, the executor, wants the money back. Do I have to pay?
It's difficult enough to lose a parent — but what do you do if a sibling isn't suited to be the executor?
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