What happens if the money runs out?

[Tomcat2]

What is the name of your state (only U.S. law)?

 

[Kiawah]

You pay all of the debts first, and if there is no money left in the estate then nothing gets distributed to the beneficiaries.


(You might want to ask your question with more details about your situation, so people wouldn't have to guess what you possibly were asking.)

 

[anteater]

What happens if the money runs out?

I usually grab my Glock and my Richard Nixon mask and head to the nearest bank.

 

[Tomcat2]

Thanks for the advice of the glock/bank senerio. I like it. If the Estate attorney gets paid 5% 100K, 4% etc, but all the decease debts basically wipes out the limited cash of the estate, is it ethical to sell the bequeaths inheritance to cover the full fee. One brother is currently living in the apartment he will eventually inherit. How can the attorney get paid when there is no cash? New York