PRIORITY OF PAYING ESTATE EXPENSES AND DEBTS OF THE DECEDENT
New York law establishes the priority of claims to be paid by an estate:
- Funeral & Administration Expenses
- Federal & State debts
- Taxes Assessed Prior to Death
- Judgments (docketed prior to death)
- Court Bonds, acknowledged financial/contractual obligations and all other debts
See SCPA 1811.
New York law establishes the priority of claims to be paid by an estate:
- Funeral & Administration Expenses
- Federal & State debts
- Taxes Assessed Prior to Death
- Judgments (docketed prior to death)
- Court Bonds, acknowledged financial/contractual obligations and all other debts
See SCPA 1811.