Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Where does the Executor/Administrator obtain the funds to pay any debts?

April 26, 2017Administrator debts executor funds obtain pay

0

Posted

Where does the Executor/Administrator obtain the funds to pay any debts?

1 Answer

0

Posted

The Executor/Administrator will pay the debt out of the estate assets. Generally, the Executor/Administrator should open an estate checking account which can be used to receive and disburse funds.