What if estate debts exceed the property's sale value? | NC

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Q: What happens if estate debts are larger than the value of the property being sold? A: In North Carolina probate, the sale money does not go to heirs first. The personal representative must use the proceeds to pay estate administration costs, valid liens, allowances, and creditor claims in the order required by law. If there is not enough money to pay everyone, the estate may be insolvent.…