Which atty is correct about the house and more?
I am from Massachusetts. My dad recently died last year. :( He had a will that declared me as the executor. The house and bank accounts would go in my name. He also left some credit card bills behind.
According to the atty who drafted the will (who still hasn't been able to complete my appointship as executor :mad:), after exhausting the bank accts by paying all the creditors who put a claim in, other creditors would not be able to touch the money from the sale of the house. Is that true? Or do I need to use that money from the sale of the house to pay off the remaining debt? He also stated that if no ones puts a claim in for any of his bills a year from the date of his death, they would not be able to go after it anymore.
BUT...
According to another atty that I consulted recently, he stated that as the executor, the money from the sale of the house HAS to be used to be pay all creditors who put in a claim. He also stated that the creditors would not be able to put in a claim a year from the date I get appointed, NOT from the date of my father's death.
BOTH atty's info conflicts each other. Who am I to believe? :confused:
ALSO, I was an authorized user on one of his credit card (AMEX) but not a joint acount holder.
Am I liable to pay for it or is it my dad's estate? One atty said that I am liable for it but the other said that only the debt I accrued after his date of death is what I am liable for. Again, both conflict each other.
PLEASE HELP!! THX