Is the executor of an estate personally responsible for a car loan
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Is the executor of an estate personally responsible for a car loan
Four years ago, my 88 year old father was given a car loan. Two years ago he passed away, naming me as the executor of his estate. My brother has continued to drive the vehicle and make the car payments. If my brother is late on his payments or fails to make the payments, will my personal credit be affected?
Asked on June 9, 2009 under Estate Planning, Connecticut
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
NO. You are the executor. As long as you are not the beneficiary of said vehicle (and you can refuse the bequest) or a co-signer, you are merely the executor. You are not personally held liable.
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