Can an executor be held responsible for the debts of an estate?
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Can an executor be held responsible for the debts of an estate?
I am executor of my deceased husband’s estate; he did not leave a Will but through a lawyer I was appointed executor. I could not keep up the payments on the home and it is now in forclosure. The company is trying to stick me with the bill even tho my name is not on the loan. I tried for the past 2 years to get them to work with me but they kept telling me I was not “authorized” to receive information about the mortgage even tho several times I sent them the paperwork they needed.
Asked on April 9, 2013 under Estate Planning, Delaware
Answers:
Victor Waid / Law Office of Victor Waid
Answered 11 years ago | Contributor
Tell the lender to stuff it; no you are not liable for any of the estate bills merely because you are the executor. Report them to the attorney general for the state for fraudulent and menacing activity. Let the house go into foreclosure; that property is all the bank is entitled to, don't throw good money after bad.
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