Legal Question in Wills and Trusts in Illinois
Monies from estate are expended and bills remain
As executor of estate am I responsible for outstanding bills if all monies have been disbursted.
Asked on 5/30/03, 3:37 am
1 Answer from Attorneys
Jay Goldenberg
Jay S. Goldenberg
Re: Monies from estate are expended and bills remain
Unfortunately, yes.
Creditors have first claim on the estate (exceptions for administration, widows award etc). They have six months from publication of notice to file claims. If you disbursed to beneficiaries you're responsible.
Your only hope is to try to get back from the beneficiaries.
Answered on 6/04/03, 9:35 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
