Legal Question in Wills and Trusts in Massachusetts
estate
I am an executer of a will over my siblings.My sister wants to move in a house on the estate,will I be held liable for the property if damaged.?
2 Answers from Attorneys
Re: estate
You are responsible for using reasonable and prudent judgment in handling the assets of the estate. This means if your sister moves into the home, you should have a lease agreement for the use of the home and she should be responsible like any occupant of the home and should carry tenant's insurance and you should notify your insurance agent you are going to lease the property so the property is properly insured.
If you have an attorney helping you, you should ask him for advice on how to deal with this issue.
: estate
Yes, you have a fiduciary responsibility to maintain the property pending the accounting, and the distribution of assets.
There are ways in which you can protect the estate; and if you want help contact me.