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Updated about 15 years ago on . Most recent reply

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Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
1,044
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Is Exec./Admin. of Estate Personally Reponsible For Debts?

Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
Posted

Is Exec./Admin. of Estate Personally Reponsible for debts when they don't handle their fiduciary responsibility and pay off creditors? What happens when an Exec. probates an estate but fails to take care of the debts of that estate? I imagine they get harrased by bill collectors but can they be held personally responsible for those debts? Generally speaking, of course.

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