I have been appointed executor of my uncle’s estate. I have no background in finance or law and do not know how to pay the debts due because there is not enough money left in the estate to cover them after the beneficiaries’ shares have been put aside. What should I do ?
By: דיאנה שאלתיאל•Published on: 13 May, 2022Where an executor of the estate is not sure how to pay off debts , he should apply to court for instructions about this. Basically, where there are insufficient funds in the residual estate to cover the debts after the beneficiaries shares have been put aside, the beneficiaries will have to bear the burden of the debts , according to their relative inheritance. It does not matter whether they inherit financial rights , real estate or moveable property.