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Being the executor or administrator of the deceased’s estate, but only in states that require executors or administrators to pay off debt from property jointly owned by the surviving and ...
It’s the executor’s job to keep track of fees associated with probate and pay them out of estate assets. There is one exception, as executors who are required to purchase a probate bond must ...
Write a claim to the executor or administrator of the estate stating under oath that you are owed a debt. Provide details about the debt amount and attach any written documentation to the claim.
The administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. [1] Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down by law.
The executor's duties also include handing over property to the beneficiaries as designated in the will, obtaining information of potential heirs, collecting and arranging for payment of debts of the estate and approving or disapproving creditors' claims.
The executor of your estate didn’t follow the state’s order of claims when paying off ... If your estate can’t pay off a personal loan that you took out while living in a community property ...
An executor is a person appointed by a will to act on behalf of the estate of the will-maker (the "testator") upon his or her death. An executor is the legal personal representative of a deceased person's estate. The appointment of an executor only becomes effective after the death of the testator.
Credit card companies have priority over heirs in claiming payment from your estate. When the estate can't pay. ... may allow the executor of the estate to make a one-time points redemption. Other ...
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