McGraw-Hill's Law Office Management for Paralegals 1st Edition by Lisa Schaffer, Mcgraw Hill Higher Education Staff, Curriculum Technology Staff, Andrew Wietecki

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An attorney has been hired as the executor for an estate. The property in the estate consists of a residence worth $500,000 and personal property worth approximately $200,000. The debts of the estate total $275,000. What options are available to the attorney for settling the estate's debts?