Legal Question in Wills and Trusts in Virginia

My sister and I were appointed administrators in Aug 2010 to my brothers estate, he did not have a will just a life insurance policy.my sister and I opened a estate account with us as administrators and a tax ID #. My question is if I myself owe debt can the creditors come after the estate account and also if I file bankruptcy will they take the estate account. Thank you for any help you can offer.


Asked on 2/14/11, 1:43 pm

1 Answer from Attorneys
Paul B. Ward Law Offices of Paul B. Ward

No. The estate is a separate "person"; that is, a separate tax entity to which your debtors have to relationship.

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Answered on 2/14/11, 2:05 pm


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