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

In Minnesota, intestate succession law governs how property of a deceased person is divided up if they die without a will. The taxes and expenses that must be paid out of the intestate estate depend on the size of the estate. Generally, the estate must first pay for the costs of administering the estate itself, such as legal and accounting fees, funeral and burial expenses, and costs associated with filing the necessary paperwork. The estate is also responsible for paying taxes owed to the government. This can include federal and state income taxes based on the income earned by the estate, as well as estate taxes that must be paid to the state. Finally, the estate is responsible for paying any debts owed by the deceased person, such as unpaid medical bills, mortgages, or other loan payments. The debts must be paid from the estate before any remaining money and property can be distributed to the heirs. In Minnesota, all taxes and expenses must be paid before the heirs can receive their inheritance. As such, it is important to make sure the estate has enough money to pay all its obligations prior to distributing it to the heirs.

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

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