Executors are not personally liable for unpaid debts or lender losses. Costs are paid from the estate or prioritized by law.
'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, ...
It's difficult enough to lose a parent — but what do you do if a sibling isn't suited to be the executor?
Whether it’s totting up tax bills or dealing with disputes over a will, being the executor of someone’s estate can be a ...
As an executor you are responsible for collecting the estate’s assets, settling any debts, arranging the payment of inheritance tax (IHT) and distributing whatever is left to the beneficiaries in ...
Most people are completely unaware of the heavy personal legal and financial responsibility they accept when they agree to ...