Executors are not personally liable for unpaid debts or lender losses. Costs are paid from the estate or prioritized by law.

Prior to the distribution of an estate by an executor to its beneficiaries, an executor must prepare an accounting which outlines the assets of an estate, its liabilities, and the expenses paid by an ...

'There's no trust in place, but there is a will' "How long does it take for an executor to be able to access the account and pay the debts of the deceased?" (Photo subject is a model.) Dear Quentin, ...

It's difficult enough to lose a parent — but what do you do if a sibling isn't suited to be the executor?

As an executor you are responsible for collecting the estate’s assets, settling any debts, arranging the payment of inheritance tax (IHT) and distributing whatever is left to the beneficiaries in ...

Losing a loved one is never easy — and if you’ve been named executor of their will, you’re also stepping into a big responsibility. An executor is the person legally appointed to settle the deceased’s ...