What responsibility do executors hold regarding estate debts?

Executors have a fiduciary duty to manage the estate responsibly, which includes addressing the debts of the estate. Paying valid claims against the estate is an essential responsibility of the executor because these debts must be settled before any distributions can be made to beneficiaries. The executor must ensure that the estate's assets are utilized properly to pay claims that are deemed valid, in accordance with the law.

This duty includes verifying creditor claims and ensuring that they are legitimate before making payments. Executors are bound to act in the best interest of the estate and its beneficiaries, which necessitates settling debts as part of the estate's administration process.

By fulfilling their duty to pay valid claims, executors help protect the estate from potential legal disputes with creditors and ensure a smooth transfer of remaining assets to heirs. This reflects both the legal obligations of executors and their role in maintaining the integrity of the estate administration process.