Entity: decedent's estate
📊 Facts Database / Entities / decedent's estate

decedent's estate

2 Facts
4 Related Topics
Federal tax claims by the Internal Revenue Service generally have priority over other creditor claims when a decedent's estate is administered.
high legal
Estate administrators typically must satisfy higher-priority tax obligations before paying other unsecured creditors.
Monetary judgments from wrongful-death civil cases can accrue interest over many years and remain collectible from a debtor's estate after the debtor's death if those judgments were not satisfied during the debtor's lifetime.
high legal
Unpaid civil judgments typically continue to be enforceable as debts against a decedent's estate and may increase due to accumulated interest.