Can an executor of an estate use their own monies to pay certain estate expenses while waiting for assets to sell and then submit those payments as a claim to the estate?

I’m waiting for a house to sell, have very little remaining liquid assets and don’t want to default on monthly expenses (utilities, condo fees, taxes, etc.).

Asked on March 9, 2015 under Estate Planning, Ohio

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

I am so sorry for your loss. It is not a good idea to act on your own here and with out the court's approval.  You as the executor can  possibly take a loan on behalf of the estate or ask the Probate Court to allow you to "loan" the estate money for bills pendng sale of the asset. This protects you and the estate.  Good luck.


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