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.

11 months ago

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

11 months ago

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