In accordance with the law, an estate is responsible for paying the following with the assets from an estate:
- Expenses for the decedent’s funeral;
- Administration expenses, which includes legal fees, probate fees, and appraisals among others;
- Money owed to the government such as estate and income taxes; and
- Real property taxes that were accrued prior to the decedent’s death.
Continue reading “Estate Closure Should be Completed by an Experienced Lawyer”
