Legal Question in Wills and Trusts in Texas
Debt Pay Off After Death
After a death, what happens if there is not enough money in the estate to pay off the debts of the deceased?
Asked on 8/15/03, 12:53 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Debt Pay Off After Death
The debts are paid as far as the estate will allow. The executor or administrator may see if the creditors will take a proportionate share.
The executor or heirs are only liable to creditors of the estate to the extent they may have received assets of the estate. Otherwise they are not liable.
Answered on 8/18/03, 5:35 pm
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