Intro to Probate: Priority
By Aurthur Fowler - 11/29/2015
Tennessee law sets out priority of payments from the estate in T.C.A. § 30-2-317 as follows:
- Costs of administration, including, but not limited to, premiums on the fiduciary bonds and reasonable compensation to the personal representative and the personal representative’s counsel.
- Reasonable funeral expenses.
- Taxes and assessments imposed by the federal or any state government or subdivision of the federal or any state government, including claims by the bureau of TennCare pursuant to § 71-5-116 and including city and county governments.
- All other demands that may be filed as aforementioned within four (4) months after the date of notice to creditors.