Credors Rights where no estate open in 3 years from death of decedent
If there is no administration filed within three (3) years of the death of the decedent creditors have certain rights. The creditors can file for a lien within 3 years…
Estate Assets
Estate Assets
The assets of the estate include: real property goods chattels personal property choses in action and money of the deceased, or the sale which may have accrued to his estate…
Creditor of Estate may petition to sale estate assets to pay debt
A creditor may file a petition to sale personal property or land of the estate to pay the debt and the court may order the sale subject to abatement provisions…
Sale of Real Estate by Executor or Administrator
If it determines to be in the best interest, the court may authorize the executor or administrator to sale real estate before personal property. If necessary to pay the debts…
Executor and Administrator may sell personal property at public sale
Provided the procedures are met, the executor or administrator may sell personal property at a public sale. See 91-7-183-185
Sale of property executor or administrator cannot produce
An executor or administrator may sell the interest of his testator or intestate in a ship, vessel, steamboat, other water craft, or other property which he cannot produce, without the…
Executor and Administrator sale of personal property, peris property and livestock
The chancery court may authorize the executor or administrator to sell personal property of the estate at a private sale They may also sell any personal property of the decedent…
Executor and Administrator may continue business
An executor or administrator may be authorized by the court, if not inconsistent with the terms of the Will, to operate as a going concern the business of the deceased…
Executor and Administrator power as to growing crops and farms
The executor or administrator may make application to the chancery court to sale growing crops. If cultivation and completion of crops may also be approved. A report showing receipts, less…
