What happens with a probate estate when the debts exceed the assets?

Mark TiptonUncategorized

probate estate debt

If someone has died, and an estate is to be administered, the executor or executrix, also known as the fiduciary, is responsible for gathering the property or assets of the estate. This task requires the fiduciary to track down and list whatever property the departed owned at the time of death. These assets may include cash, bank accounts, investments, real … Read More