Estate conservator

No. His debt is his debt.

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Relative died. Children are definitely not financially oriented people(all girls). If I accept the executor designation and help coordinate life insurance policies and burial stuff am I going to be liable in any way for his debt? I know he had credit cards and loans and such. No will and no beneficiary on his life insurance.

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If you become executor, you’ll be responsible for disposition of his estate. You’ll need to pay the bills and debts (if they are legally submitted to you or your knowledge) using the estate’s assets to do so. Then distribute the leftover to those who are entitled by law to them afterward. You can generally take a fee for doing this (varies by state). You can also hire an attorney, accountant etc to help. It shouldn’t cost you anything. If you do it wrong, you can be sued by a creditor or the potential inheritors.

Sounds good.

Perfect

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No will and no beneficiary on his life insurance.

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This is the problem here. While I am not familiar with Louisiana law, this typically means you need to go through probate which is definitely not a do-it-yourself process. You will need to hire a lawyer experienced in this area.

Moreover, if there is no designated beneficiary on the policy and the kids dispute who is entitled to what share of the insurance benefits, the insurer is going to interplead (i.e. file a lawsuit and deposit the funds with the court). This means hiring yet another attorney.

So, I would only take this on if (1) there are sufficient assets in the estate to hire counsel, (2) the kids are all reasonable, and (3) the debts are all well-defined and manageable.