Priority of Creditor Claims Against an Estate Administered in the New York State Courts
(TEdec Times, Summer 2010)
The outline is intended to be a general outline for the identification of the priority of creditor claims against the estate of a decedent, where NYS law applies. You may be interested to know that there are a number of creditors that take priority over the Public Welfare Official under NY Social Services Law Sec. 105. And, don’t forget the NY Statutory setoffs under EPTL Sec. 5-3.1, which assets do not even become part of the deceased estate.