Estate Liability
/ɪˈsteɪt laɪəˈbɪlɪti/
Definitions
- (n.) The legal responsibility of an estate to satisfy the debts and obligations of the deceased before distribution to heirs.
The estate liability must be settled before any inheritance is distributed to beneficiaries.
Forms
- estate liability
Related terms
See also
Commentary
Estate liability primarily concerns the priority of creditor claims over heir distributions and requires careful accounting in estate administration.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.