Why Should I Utilize Probate?
Both federal and state laws recognize that creditors recovering on deceased receivables have a right to payment through probate and that filed probate claims must be paid out to those individuals before any inheritance is distributed to beneficiaries or heirs.
Utilizing the probate process by filing a claim ensures fair payment to those recovering on deceased debt and provides an approach that achieves an effective balance between fiscal responsibility and organizational reputation protection.
Probated estate payout occurs based on the Probate Liquidation Order of Priority (Fig 1).
