by Joel Roettger | Aug 24, 2017 | Probate, Tax
A recent case from the Southern District of Indiana might make you think twice. Decedent died in Indiana. Â The claims against the estate totaled $1,812,621.69. The distributable assets of the estate were only $266,872.70. Thus, the estate was insolvent. A significant...
by Joel Roettger | Mar 23, 2017 | Probate, Tax
An executor is normally not personally liable for the debts of a decedent. However, a special rule applies to federal taxes. Outside the Tax Code, in an obscure corner of federal law, we find the following: A representative of a person or an estate (except a trustee...
