396.095 Order of payment of claims.
93 words·~1 min read·
/ky/chapter-396/396-095A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)If the applicable assets of the estate are insufficient to pay all claims in full, the
personal representative shall make payment of claims in the following order:
(a)Costs and expenses of administration; then
(b)Funeral expenses; then
(c)Debts and taxes with preference under federal law and other laws of this state;
then
(d)All other claims.
(2)No preference shall be given in the payment of any claim over any other claim of
the same class, and a matured claim shall not be entitled to a preference over
unmatured claims.