{"id":7276,"date":"2022-09-02T08:45:00","date_gmt":"2022-09-02T12:45:00","guid":{"rendered":"https:\/\/yourfloridaprobatelawyer.com\/?p=7276"},"modified":"2023-02-13T10:41:46","modified_gmt":"2023-02-13T15:41:46","slug":"who-gets-paid-first-from-an-estate-in-florida","status":"publish","type":"post","link":"https:\/\/yourfloridaprobatelawyer.com\/who-gets-paid-first-from-an-estate-in-florida\/","title":{"rendered":"Who Gets Paid First From an Estate in Florida?"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Florida law gives creditors a statutory period to lay claims against a deceased&#8217;s estate during <a href=\"https:\/\/yourfloridaprobatelawyer.com\/probate\/\" target=\"_blank\" rel=\"noreferrer noopener\">probate<\/a>. The purpose is to verify the validity of the claims and permit legitimate creditors to collect from the decedent&#8217;s estate.\u00a0<\/p>\n\n\n\n<p>Is there an order of payment preference? Who gets paid first from an estate in Florida? Read on to find out.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Who Gets Paid First From an Estate in Florida? &#8211; As Provided by Law&nbsp;<\/h2>\n\n\n\n<p>When a petition for probate is submitted to the court, the judge will appoint a <a href=\"https:\/\/yourfloridaprobatelawyer.com\/personal-representative-in-florida-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">personal representative<\/a> (or &#8220;executor&#8221;) to administer the deceased&#8217;s estate and conduct the distribution of assets to their rightful heirs.\u00a0<\/p>\n\n\n\n<p>One of the personal representative&#8217;s duties is to notify all creditors with an interest in the estate, responding or objecting to claims based on their validity. Once all claims are verified, they must be paid based on their statutory priority.&nbsp;<\/p>\n\n\n\n<p>Florida Statutes \u00a7733.707 (1) specifies that &#8220;the personal representative shall pay the expenses of the administration and obligations of the decedent&#8217;s estate in the following order:&nbsp;<\/p>\n\n\n\n<ul><li>Class 1\u2014Costs, expenses of administration, and compensation of personal representatives and their attorneys&#8217; fees and attorneys&#8217; fees awarded under s. 733.106(3)\u00a0<\/li><li>Class 2\u2014Reasonable funeral, interment, and grave marker expenses, whether paid by a guardian, the personal representative, or any other person, not to exceed the aggregate of $6,000\u00a0<\/li><li>Class 3\u2014Debts and taxes with preference under federal law, claims pursuant to ss. 409.9101 and 414.28, and claims in favor of the state for unpaid court costs, fees, or fines\u00a0<\/li><li>Class 4\u2014Reasonable and necessary medical and hospital expenses of the last 60 days of the last illness of the decedent, including compensation of persons attending the decedent\u00a0<\/li><li>Class 5\u2014Family allowance\u00a0<\/li><li>Class 6\u2014Arrearage from court-ordered child support\u00a0<\/li><li>Class 7\u2014Debts acquired after death by the continuation of the decedent&#8217;s business, in accordance with s. 733.612(22), but only to the extent of the assets of that <a href=\"https:\/\/romyjurado.com\/business-law\/\" target=\"_blank\" rel=\"noreferrer noopener\">business<\/a>\u00a0<\/li><li>Class 8\u2014All other claims, including those founded on judgments or decrees rendered against the decedent during the decedent&#8217;s lifetime, and any excess over the sums allowed in paragraphs (b) and (d)\u201d\u00a0<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What If the Value of the Estate is Not Sufficient to Pay all Creditors? &#8211; Insolvent Estates in Florida&nbsp;&nbsp;<\/h2>\n\n\n\n<p>Florida Statutes \u00a7733.707 (2) provide that &#8220;after paying any preceding class, if the estate is insufficient to pay all of the next succeeding class, the creditors of the latter class shall be paid ratably in proportion to their respective claims.&#8221;&nbsp;<\/p>\n\n\n\n<p>The term &#8220;ratable&#8221; refers to an estimated or apportioned distribution. In such cases, the personal representative must pay the latter creditors&#8217; tiers in proportion to their respective claims.&nbsp;<\/p>\n\n\n\n<p>Please note that not the personal representative also has the power to object to unfeasible or invalid creditors&#8217; claims. If necessary, the personal representative can work with an expert probate attorney to:&nbsp;<\/p>\n\n\n\n<ul><li>Perform in-depth research of each claim\u00a0\u00a0<\/li><li>Check the actual balance on each debt\u00a0<\/li><li>Verify the validity of any fees involved\u00a0\u00a0<\/li><li>Determine whether a creditor incurred unethical or wrongful actions to collect the owed amount\u00a0\u00a0<\/li><li>Convince or force the creditor to surrender the right to collect (if applicable)\u00a0<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Handling a Deceased&#8217;s Debt in Florida Probate &#8211; Your Florida Probate Lawyer is Willing to Help You Succeed&nbsp;<\/h2>\n\n\n\n<p>Waste no time &#8211; contact Attorneys <a href=\"https:\/\/yourfloridaprobatelawyer.com\/team\/romy-b-jurado-esq\/\" target=\"_blank\" rel=\"noreferrer noopener\">Romy B. Jurado<\/a> and <a href=\"https:\/\/yourfloridaprobatelawyer.com\/team\/diana-l-collazos-esq\/\" target=\"_blank\" rel=\"noreferrer noopener\">Diana C. Collazos<\/a> today by calling <a href=\"tel:(305) 921-0976\" target=\"_blank\" rel=\"noreferrer noopener\">(305) 921-0976<\/a> or emailing <a href=\"mailto:Romy@juradolawfirm.com\" target=\"_blank\" rel=\"noreferrer noopener\">Romy@juradolawfirm.com<\/a> to schedule a consultation.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Florida law gives creditors a statutory period to lay claims against a deceased&#8217;s estate during probate. The purpose is to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":7279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"Who gets paid first from an estate in Florida probate? Click here to find out. For further help, call Your Florida Probate Lawyer at (305) 921-0976.","_seopress_robots_index":"","_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[299],"tags":[301,305,303,334,336,26,28,23,27,25,24],"taxonomy_info":{"category":[{"value":299,"label":"Estate Planning"}],"post_tag":[{"value":301,"label":"estate planning attorney"},{"value":305,"label":"estate planning attorney in Florida"},{"value":303,"label":"florida estate planning attorney"},{"value":334,"label":"florida probate attorney"},{"value":336,"label":"florida probate lawyer"},{"value":26,"label":"miami probate attorney"},{"value":28,"label":"probate 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