PAYING OFF DEBTS OF THE DECEDENT
The debts of an estate must be paid. Debts are to be paid before distribution of estate assets can be made to the beneficiaries. Otherwise, if a claim is made against an estate within the statutory time frame, the Executor or Administrator of the estate will be held liable for the amount of the claim if it is permitted by the Surrogate's Court. See
The debts of an estate must be paid. Debts are to be paid before distribution of estate assets can be made to the beneficiaries. Otherwise, if a claim is made against an estate within the statutory time frame, the Executor or Administrator of the estate will be held liable for the amount of the claim if it is permitted by the Surrogate's Court. See