What taxes and expenses must be paid out of an intestate estate?

In Arkansas, taxes and expenses must be paid out of an intestate estate before any remaining assets can be distributed to the heirs. Taxes that must be paid out of the estate include any inheritance taxes, estate taxes, and income taxes. Any debts that the decedent left behind, including medical bills incurred before death, must also be paid out of the estate. In addition, any expenses required to administer the estate such as court costs, lawyer fees, and executor and trustee fees must also be paid. These fees will vary on the complexity of the estate, but generally range from a few hundred dollars to a few thousand dollars. Lastly, any costs associated with selling or conveying real estate must be paid out of the estate. This includes any real estate taxes, title insurance, recording fees, survey fees, and deed preparation costs. Ultimately, all taxes, debts, and expenses must be paid before any remaining assets of the estate can be distributed to the heirs. This ensures that all valid debts and taxes have been paid.

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What taxes and expenses must be paid out of an intestate estate?

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