Liquidate Assets to Pay Estate Bills if Necessary

If the liquid assets of the estate are insufficient to pay administrative costs (executors fees, attorneys fees, costs of administration), then assets must be sold in order to pay the costs of administration and/or creditors to the extent the estate can pay them. Administrative costs of probating the estate (court fees, executors fees, attorney’s fees and other costs of administration) always have a priority over general creditors of the decedent.