How are debts and taxes managed in the estate administration process?

What processes are involved in managing and settling debts and taxes during the administration of an estate?

Category: Wills & Estates
Location: Humacao

Answers

Debts and taxes must be paid from the estate before any distribution to beneficiaries can occur. This includes funeral expenses, outstanding bills, and estate taxes.

1 year ago

The executor is responsible for filing the necessary tax returns and ensuring all obligations are settled in accordance with the law.

1 year ago

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