Creditor means?

Prepare for the Surrogate's Court Clerk Exam with quizzes. Study with multiple choice questions, get detailed hints and explanations, and ace your exam!

Multiple Choice

Creditor means?

Explanation:
In probate terms, a distributee is the person who may receive a portion of the decedent’s estate after debts and expenses have been paid. A creditor has a claim against the estate to be satisfied before any distribution, so when the question asks what a creditor means in this context, the term that best fits the idea of someone who stands to receive a share from the estate (after obligations are addressed) is distributee. Beneficiary and devisee refer to specific named recipients in a will, while distributee is the broader category of those who may ultimately receive from the estate through the distribution process.

In probate terms, a distributee is the person who may receive a portion of the decedent’s estate after debts and expenses have been paid. A creditor has a claim against the estate to be satisfied before any distribution, so when the question asks what a creditor means in this context, the term that best fits the idea of someone who stands to receive a share from the estate (after obligations are addressed) is distributee. Beneficiary and devisee refer to specific named recipients in a will, while distributee is the broader category of those who may ultimately receive from the estate through the distribution process.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy