What is the Personal Liability for Obligations of an Executor, Trustee or Power of Attorney Arising from Ownership or Control of an Estate

By Fredrick P. Niemann, Esq., a Probate Estate Administration Attorney

A fiduciary can be held individually liable for obligations arising from the ownership or control of the estate or for torts committed in the course of his or her administration of the estate under New Jersey laws only if he or she is personally at fault. In other words, you’re not automatically liable for damages and legal claims just because you serve as the agent of the estate or trust. But you must be cautious as there are many exceptions to this general rule that can create unpleasant and unintended consequences to you.

If you have questions regarding a probate estate administration matter, please contact Fredrick P. Niemann, Esq. toll-free at 855-376-5291 or email him at fniemann@hnlawfirm.com.