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What do I do if I’m appointed executor of an estate?

Mr. Uliano has served as a panelist at the New Jersey State Bar Association Annual Convention and has been a speaker on numerous occasions. With his experience in this video, he advises on the aspects you need to pay attention to when becoming the executor of a will.

When you are appointed executive of a will, you cannot become personally responsible for the debts of the decedent. However, you must be very careful that you are not receiving or commingling funds that are the estate's if you need to be paying off assets with your own money. It is very important that you speak with an attorney regarding the ramifications of what would happen within a solvent state so that you do not incur any personal liability. 

When you are appointed executor, it is your job to organize the assets, the debts, and the taxes associated with the estate over which you have been given charge. To read more on this, visit us at:
https://chamlinlaw.com/blog/what-to-d...

Click the link below to learn more about which 2022 United States Treasury Department updates may affect what you owe on your estate, as well as when to review the status of your estate planning approach with a lawyer:
https://chamlinlaw.com/blog/new-jerse...

Contact our West Long Branch Wills & Estates Attorneys Today

To learn more about last wills and testaments and other estate planning needs, please contact us online at chamlinlaw.com or call our West Long Branch, NJ offices today at (732) 440-3950 for a free and confidential consultation.