What is the priority for paying debts for an estate in Tennessee?

1 answer | Last updated: Jun 21, 2010
64px
Q
A fellow caregiver asked...
What is the priority for paying debts for an estate in Tennessee?
 

Caring.com User - Steve Weisman
Caring.com Expert
Send a Hug or Prayer
Send a Hug or Prayer
A
Steve Weisman hosts the nationally syndicated radio show A Touch of Grey, heard on more than 50 stations, including WABC in New York City...
100% helpful
Steve Weisman said...

The rules for the priority of payment of the debts of a decedent vary somewhat from state to state. However, generally, the order is as follows: First, the expenses of the administration of his estate; second, funeral and medical expenses from his last illness; third, an allowance for the decedent's family's immediate needs; fourth, government claims, such as for taxes; fifth, secured debts, such as a mortgage; sixth, the amount of any unpaid court judgments against the decedent; and finally, the rest of any debts of the decedent.

Was this answer helpful?
 

 
Ask a question Ask a question | Add an answer Add an answer