January 2014 Archives

In a Florida probate, what if the available assets are insufficient to pay all eight classes of claims?

The eight classes of obligations in a probate estate are paid, beginning with class 1 and proceeding downward . Each class must paid in full before proceeding to the next class. 

In Florida, what is the order of payment of claims against a probate estate?

When determining the order of payment, a Personal Representative of a Florida probate estate must look at eight classes of claims. Each class of claims is paid in descending order before progressing to the next class.

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