If the Funds in an Estate Are Insufficient to Satisfy

If the funds in an estate are insufficient to satisfy all valid claims against it, state laws provide a priority for settlement.
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Required:
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a.Reorder the list of claims below in the most common order of priority:
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(1)
Wages due domestic servants for a period of not more than one year prior to date of death and medical claims for the same period.?
(2)
Taxes: income, estate, and inheritance.?
(3)
Claims having a special lien against property, but not to exceed the value of the property.?
(4)
Debts due the United States and various states.?
(5)
All other claims.?
(6)
Funeral and administrative expenses.?
(7)
Judgments of any court of competent jurisdiction.?
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b.If funds are insufficient to satisfy all of the claims within a class, explain how claims are paid.