Title 14, Title 14: Decedents' Estates and Fiduciary Relations

§ 1205. Classification of claims (a) If the applicable assets of the estate are insufficient to pay all claims in full, the executor or administrator shall make payment in the following order: (1) costs and expenses of administration; (2) reasonable funeral, burial, and headstone…

§ 1206. Allowance of claims (a) As to claims presented in the manner described in section 1204 of this title within the time limit prescribed in section 1203 of this title, the executor or administrator shall, if a claim is disallowed, mail a notice to any claimant stating that t…

§ 1207. Payment of claims (a) Upon the expiration of four months from the date of the first publication of the notice to creditors, the executor or administrator shall proceed to pay the claims allowed against the estate in the order of priority prescribed, after making provision…

§ 1208. Individual liability of executor or administrator (a) Unless otherwise provided in the contract, an executor or administrator is not individually liable on a contract properly entered into in his or her fiduciary capacity in the course of administration of the estate unle…

§ 1209. Secured claims Payment of a secured claim is upon the basis of the amount allowed if the creditor surrenders his or her security; otherwise payment is upon the basis of one of the following: (1) if the creditor exhausts his or her security before receiving payment, unless…

§ 1210. Claims not due and contingent or unliquidated claims (a) If a claim that will become due at a future time or a contingent or unliquidated claim becomes due or certain before the distribution of the estate, and if the claim has been allowed or established by a proceeding, …

§ 1211. Counterclaims In allowing a claim, the executor or administrator may deduct any counterclaim which the estate has against the claimant. In determining a claim against an estate, a court shall reduce the amount allowed by the amount of any counterclaims and, if the counter…

§ 1212. Execution and levies prohibited No execution may issue upon nor may any levy be made against any property of the estate under any judgment against a decedent or an executor or administrator, but this section shall not be construed to prevent the enforcement of mortgages, …

§ 1213. Compromise of claims When a claim against the estate has been presented in any manner, the executor or administrator may, if it appears for the best interests of the estate, compromise the claim, whether due or not due, absolute or contingent, liquidated or unliquidated. …

§ 1214. Encumbered assets If any assets of the estate are encumbered by mortgage, pledge, lien, or other security interest, the executor or administrator may, except as otherwise provided by will, pay the encumbrance or any part thereof, renew or extend any obligation secured by …

§ 1215. Administration in more than one state; duty of executor or administrator (a) All assets of estates being administered in this State are subject to all claims, allowances, and charges existing or established against the executor or administrator wherever appointed. (b) If …

§ 1216. Final distribution to domiciliary representative The estate of a nonresident decedent being administered by an executor or administrator appointed in this State shall, if there is an executor or administrator of the decedent’s domicile willing to receive it, be distribute…