Probate & Estate AdministrationWillDecember 2, 2024by Chelsia Liew“Executor Duties 101: Will You Have to Pay Estate Debts Out of Your Own Pocket?”
Taking on the role of executor? You are probably wondering about some key responsibilities, like handling debts. No worries—let’s walk through the essential points step-by-step to make everything clear. What Happens if There’s More Debt Than Assets? An estate is deemed ‘insolvent’ when its debts exceed its assets. In such cases, the estate’s assets...