Back to the article

Video guide

What happens to sale proceeds when an estate has debts? | NC

Pierce Law Group

About this video

Q: What happens to sale proceeds from inherited property when the estate still has unpaid debts? A: They usually do not go straight to the heirs. If the estate is still open and there are valid unpaid debts, the court can require that some of the sale money go into the estate first to pay approved claims, costs of administration, and higher priority expenses like funeral costs. In a partition…

Go to Top