of the will still responsible for paying the deceased debt? Also, a person other than the executor gives away posessions to others without regard to the will, is there any recourse?
2006-10-23 15:29:52 · 5 answers · asked by thamp 2 in Business & Finance ➔ Personal Finance
Yes, the executor is still responsible for paying the debts.
Yes, there would definitely be recourse. The executor has total control and I mean total control over the deceased assets, and bank accounts and everything. Hope they are reasonable when you need to deal with them.
2006-10-23 15:39:13 · answer #1 · answered by elanabutcher 4 · 0⤊ 0⤋
The Executor has to be named by the person in his/her will. The estate is responsible for any other debts incurred by the deceased.
You can take the person who gave away all the possessions (ignoring the designations of the will) to court.
That's a mighty rotten thing to do. Did the deceased have it in his/her will as who gets what? If not, let that be a lesson to all of us! PUT THINGS IN WRITING SO THERE ARE NO PROBLEMS.
2006-10-23 22:40:40 · answer #2 · answered by Juanitaville 5 · 0⤊ 0⤋
depending on the type of account and the state the decedent was residing in, the joint account holder may have to wait for the assessor to release the funds before he/she can close the account. the personal rep or estate attorney generally will settle the account before giving away the rest of the money. no one other than the executor should be giving stuff away, especially if the will hasn't been read. especially because that stuff is part of the estate, and in some states, is taxable property/income. contact your bank for further information...they can tell you more about death procedures specific to your state. i myself am only versed on Indiana and Michigan.
2006-10-23 23:49:55 · answer #3 · answered by centerstage 3 · 0⤊ 0⤋
YES that person accepted that duty like a job..they will have to fight to get the money returned....I am going through this too and i think i'm about to become a lawyer at this point! plus my case involves to States that are distant from each other....but it is called burglary...and it's took late to put a freeze on the account but you can file a fraudulence claim and get a Probate lawyr...check out 1-800- Probate..it's on the web too...good luck....it may not be cheap but it will be worth it...
2006-10-23 22:43:41 · answer #4 · answered by TWISTER 4 · 0⤊ 0⤋
The site on the Internet to find
2006-10-23 22:35:21 · answer #5 · answered by dricqejide d 2 · 0⤊ 0⤋