Legal Question in Wills and Trusts in California
Estate
Who gets paid first: creditors, beneficiaries or executors?
Asked on 4/07/09, 6:07 pm
1 Answer from Attorneys
Chris Johnson
Christopher B. Johnson, Attorney at Law
Re: Estate
In most probate cases, the executor/attorney is paid first (and other costs of administration), then creditors and then beneficiaries. Creditors may be excluded from collecting against a decedent's non-probate property, like joint tenancy assets and life insurance.
Answered on 4/07/09, 6:15 pm
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