Pay Estate Creditors – Liquidate Assets if Necessary

The valid claims against the estate will be paid if there are sufficient assets.  If the liquid assets of the estate are insufficient to pay administrative costs (executors fees, attorneys fees, costs of administration) and creditors, then assets must be sold in order to pay the costs of administration and/or creditors to the extent the estate can pay them. Administrative costs of probating the estate (court fees, executors fees, attorney’s fees and other costs of administration) always have a priority over general creditors of the decedent.

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