Archived
Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Zachary's answer
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Answered on March 27, 2014
I agree. The executor should pay these amounts to the extent that the estate can afford to do so. Failure to pay them could be a breach of the...
Archived
Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Zachary's answer
|
Answered on March 27, 2014
If the estate can afford those payments, and making them isn't detrimental to the financial position of the estate, then those payment ought to be...
Archived
Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Zachary's answer
|
Answered on March 27, 2014
Generally yes. The executor should be looking after all of the assets of the estate and keeping them safeguarded so that they may eventually be...
Archived
Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Zachary's answer
|
Answered on March 27, 2014
They should be making these payments if it is in the best financial interest of the estate.
Archived
Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Zachary's answer
|
Answered on March 27, 2014
The executor should spend any money that is required to safeguard the assets of the estate. The answer generally would be yes in this situation,...
Archived
Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Zachary's answer
|
Answered on March 27, 2014
I would say that is accurate, they should make those payments to the extent the estate can afford them and that it is in the best interest of the...
Archived
Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Zachary's answer
|
Answered on March 27, 2014
Yes, they should, to the extent of the assets of the estate and to the extent it would not harm the estate to make those payments.
Archived
Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Zachary's answer
|
Answered on March 27, 2014
Yes, please see the prior answer I have posted to this question.
Archived
Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Zachary's answer
|
Answered on March 27, 2014
Yes they should make those payments to the extent the estate can afford it and to the extent that not making those payments would be detrimental to...
Archived
Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Zachary's answer
|
Answered on March 27, 2014
If making those payments will be in the best interest of the estate, then yes. The executor has a fiduciary duty to the estate.
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