executor's authority

[Paul Clinebell]

undefined Illinois Does the exeuctor have the responsibililty to pay outstanding debts from the estate's bank account? IllinoisWhat is the name of your state?

 

[randalljoseph]

In the same boat

I am also from Il. and was left with paperwork dating back to 2002, so I am interested in the reply you get. I have no idea what was paid and what was not all was given to me in several mixed boxes from my sister.

 

[anteater]

undefined Illinois Does the exeuctor have the responsibililty to pay outstanding debts from the estate's bank account? IllinoisWhat is the name of your state?

If there are legitimate claims against the estate, then the executor must pay them.

Why did you feel the need to specify "from the estate's bank account?"

 

[BlondiePB]

Why did you feel the need to specify "from the estate's bank account?"

Fishing for "wrong-doing" on the part of the executor?

 

[Paul Clinebell]

If there are legitimate claims against the estate, then the executor must pay them.

Why did you feel the need to specify "from the estate's bank account?"

The decessed left a bank account that has been used by the person with power of attorney. Isn't this now the estate bank account? It is the only source of funds the executor has to pay any outstanding debts.

 

[Dandy Don]

How much was wrongfully taken?

Perhaps the bank does not know that the decedent is dead, and the executor needs to inform the bank of this so that person with POA doesn't get any more money. And that was an illegal transaction, since the POA expired when the death occurred (maybe the POA didn't know this), so you need to ask the bank to send POA a letter asking for return of the money.

DANDY DON IN OKLAHOMA ([email protected])

 

[Paul Clinebell]

How much was wrongfully taken?

Perhaps the bank does not know that the decedent is dead, and the executor needs to inform the bank of this so that person with POA doesn't get any more money. And that was an illegal transaction, since the POA expired when the death occurred (maybe the POA didn't know this), so you need to ask the bank to send POA a letter asking for return of the money.

DANDY DON IN OKLAHOMA ([email protected])

If the person with POA and the executor is the same preson. how is the bank account made available so the executor can pay the outstanding medical bills?
This is in Illinois

 

[BlondiePB]

If the person with POA and the executor is the same preson. how is the bank account made available so the executor can pay the outstanding medical bills?

Was this a joint account with the POA as the co-owner?

 

[dmode101]

If the person with POA and the executor is the same preson. how is the bank account made available so the executor can pay the outstanding medical bills?
This is in Illinois

By petitioning the court to be named executor and obtaining letters of office.