What are the laws for a minor child as benerficy on paying debts?
When debts are owned by the decesed and a minor child is the benerficy how and what debts are paid?
Answers:
The administrator will administer the estate. They will pay off creditors first. Then the child will have the money put into a fund for them to access at 18 or 21. The debts of the deceased are paid first.
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