If I am the executor and the amount owing creditors is more than the assets am I liable

As long as you have done nothing wrong to create the shortfall you won't be liable. However, if you took too long to sell a house or something like that then you could be liable, potentially, for negligence. Not likely but theoretically possible.  The general rule is that the fiduciary is not liable though. The only exception might be if you received assets, outside of probate, then it's possible they could go after you for those assets. Again, mostly theoretical though. Good luck. -John