${site.data.firmName}${SEMFirmNameAlt}
Call To Schedule An Appointment
Cherry Hill856-673-0048
Linwood609-398-3447

Estate bills still need to be paid during probate

Being an estate administrator means that you are responsible for paying the bills of the estate. Sometimes, the heirs think that they have to be the ones who take care of these bills; however, this isn't the case. Unscrupulous bill collectors might try to trick them into paying, but they should only tell the creditors to contact the administrator for payment.

It is a good idea to find out what bills the estate has as soon as possible. You have to divide them into two categories – final bills and administrative expenses. The final bills are the ones that will only have to be paid once. The administrative expenses are the recurring bills that will need to be paid for as long as the estate is still in probate.

Before the estate enters probate, some beneficiaries might opt to keep up on the bills. This is especially important for ones that have an asset tied to them, including car payments. In some cases, the home is protected by the Garn-St. Germain Depository Institutions Acts of 1982. Typically, you can use this protection when someone passes away and the home is being transferred to someone else; however, the mortgage must be current to make it happen.

There are specific considerations that you have to think about when you are the estate administrator. Understanding these can help you do the duties that you have in the way that protects the estate and beneficiaries. This can be a challenge; however, learning about what laws apply to the case might make it a bit easier to do this.

No Comments

Leave a comment
Comment Information
Law Offices of Nancy M. Rice
Representing clients in Ocean City and communities throughout New Jersey.

LOCATIONS

Rice & Quattrone, PC
1236 Brace Road, Suite F
CHERRY HILL, NJ 08034

Phone: 856-673-0048
Fax: 856-673-0052
Map & Directions

Rice & Quattrone, PC
Linwood Professional Plaza
2021 New Road, Unit #9
Linwood, NJ 08221

Phone: 609-398-3447
Fax: 856-673-0052
Map & Directions

Cherry Hill Office

Contact the firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy