Executors must pay the debts of the decedent's estate from their own personal funds.

Question

Quizplus · Accepted Answer

Executors use the assets of the estate to pay the debts, not their personal funds. However, if there are not enough assets in the estate to cover all the debts, the executor may need to sell some of the decedent's personal property or assets to pay off the debts. If the debts cannot be fully paid off, creditors may be out of luck.

Executors Must Pay the Debts of the Decedent's Estate from Their