Question

After expenses of administering an estate, which claims would be next in a typical order of priority to establish which creditors will get paid?

1. Funeral expenses

2. Medical expenses of the last illness

3. Debts and taxes given preference under laws

4. Credit card debts.

Multiple Choice:

A. 3 and 4.

B. 2 and 4.

C. 2 and 3.

D. 1 and 2.

E. 1 and 4.

Answer 1

	After expenses of administering an estate, which claims would be next in a typical order of priority to establish which creditors will get paid?
Answer	D. 1 and 2.
Explanation:-	After expenses of administering an estate, the priority is as fllows:-
1	Funeral expenses
2	Medical expenses of the last illness
3	Debts and taxes given preference under laws
4	Credit card debts.
	Conclusion:-So, the Funeral expenses has first priority and afte rthat medical expenses of the last illness is next priority. After that debts and taxes given preference by laws has third priority and credit card debt has 4th. So, option D is correct.

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