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Estate - order of payout

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  • Estate - order of payout

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  • #2
    Re: Estate - order of payout

    Hi Enquirer

    My understanding is that the first priority is the funeral and all costs (inc. administrative costs) relating to the death itself. If the executor is a professional ie solicitor or accountant, their fees would also be part of that priority.

    The next would, as usual, be the taxman (so DWP and Council Tax would take precedent after the above).

    Following that, AFAIK if there's any money left it would be apportioned Pro Rata as in any other insolvency.

    I'm glad she has you as a friend to tell her not to be bullied into signing any documents indicating personal liability.:nono:

    It may well be that, upon being informed of the death, many of the creditors will write off the debts.

    This might be useful: http://www.insolvencydirect.bis.gov....Insolvents.htm

    HTH x
    “Find a place inside where there's joy, and the joy will burn out the pain.” Joseph Campbell

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