What is the name of your state (only U.S. law)? NC
I am the executor of my father's estate. There are 2 claims against the estate. One for around $7k and the other for $600. There is only $500 in the estate account. My father only had a run down van in his name and I sold that. I am trying to close out the estate and wanted to pay the 600 claim but there's not enought to pay the $7k. The clerk of court said i can't pay one and not pay the other and said something about pro-rating assets and told me to hire an attorney. What does this all mean?
I am the executor of my father's estate. There are 2 claims against the estate. One for around $7k and the other for $600. There is only $500 in the estate account. My father only had a run down van in his name and I sold that. I am trying to close out the estate and wanted to pay the 600 claim but there's not enought to pay the $7k. The clerk of court said i can't pay one and not pay the other and said something about pro-rating assets and told me to hire an attorney. What does this all mean?