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For better or worse, economic conditions have made the insolvent or cash-poor estate an increasingly important part of the estate administration practice. Examine the basic elements of the insolvent estate in the context of current statutory and case law. Learn how to protect the personal representative. Examine the priority of payment of creditors, both secured and unsecured and analyze hypothetical examples to generate discussion and offer practical guidance on issues that commonly arise. Originally presented at PBI’s 11th Annual Estate & Elder Law Symposium in Feb. 2010. Other courses from the Symposium are available for purchase at PBI’s online catalog.
