Legal Question in Wills and Trusts in New York
If a property in probate still has a mortgage attached to it, who pays for the monthly installments? Would it be the personal representative? If so, what if that person is the attorney?
Asked on 10/27/10, 12:01 pm
1 Answer from Attorneys
Paul Ciminelli
Ciminelli & Ciminelli Attorneys & Counselors at Law
The executor has responsibility to protect the assets of the estate. Payments should come out of the estate until the property is transferred and the mortgage paid off.
Answered on 11/04/10, 5:13 pm