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Updated almost 12 years ago on . Most recent reply
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What Personal Responsibilities Do Legal Reps (i.e. Executors/Administrators) of an Estate Have?
I have the question out to my attorney but figured I'd see if I can get a general preview of his answer here. I'm curious about the following:
Can creditors keep contacting/harassing the Rep about debts owed by the Estate?
Can those debts affect him/her individually? In other words can they show up on his/her credit report?
Can a judgment be levied against her?
Does it matter if a foreclosure complaint list the legal Rep. 'Individually' vs. as 'Executrix' when foreclosing on a property owned by the Estate?
Again, thinking K. Marie Poe and/or Rick Harmon might have an answer for me.
Thanks in advance.
Most Popular Reply
Did you check with your attorney? It sounds like you are saying that the Exec is named individually in a judicial foreclosure? The Exec cannot become responsible for the secured debt of the borrower. However they are responsible for making sure all funds from a sale are allocated properly. A creditor can sue an executor individually in an attempt to make sure that funds from a sale are used to pay the creditor. Ask me how I know.