Closing the estate
Pay valid debts from the estate
The estate pays legitimate debts before assets are distributed to heirs. If the estate can't cover everything, state law sets the priority order. Don't pay debts out of your own pocket; use estate funds only.
What you'll need
- Creditor claims received
- Estate account statements
Good to know
The rules for this vary by state. Someone on our team can help you find out what applies where they lived.
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Why we recommend EstateExec
EstateExec tracks creditor claims and payments from the estate account.
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EstateExec
Step-by-step software that guides you through settling an estate, with built-in estate accounting.
Need help with this step?
Someone on our team can talk through this step with you, answer questions, and help you figure out what applies.
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