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Get your taxes done using TurboTax
@scocpm wrote:
Am I responsible to pay off this credit card? Can I be held liable?
I am very sorry for your loss but, as executor, you are responsible for marshalling her assets, settling her debts, and distributing property in accordance with her will (or court order).
If she owned property (assets), then you need to exercise caution and settle her debts from any cash in any accounts or proceeds from the sale of property.
You might want to read through Publication 559 for your own edification.
See https://www.irs.gov/publications/p559#en_US_2021_publink100099488
It also might be wise to consult with local legal counsel.
August 21, 2022
4:40 PM
1,310 Views