Oregon Statutes - Chapter 125 - Protective Proceedings - Section 125.520 - Order of payment of expenses and claims.

If it is likely that the estate of the protected person will be exhausted before all claims against the estate are paid, the conservator shall give preference in the payment of claims in the following order of priority:

(1) Funds needed for the current care, maintenance and support of the protected person and the dependents of the protected person and claims for the expenses of administration.

(2) Expenses and claims for the care, maintenance and support of the protected person and the dependents of the protected person that are not paid under subsection (1) of this section.

(3) Debts and taxes with preference under federal law.

(4) Taxes with preference under the laws of this state that are due and payable while possession of the estate of the protected person is retained by the conservator.

(5) All other claims against the conservatorship estate. [1995 c.664 §58; 1997 c.717 §7]

(Termination of Proceedings)

Section:  Previous  125.485  125.490  125.495  125.500  125.505  125.510  125.515  125.520  125.525  125.530  125.535  125.540  125.600  125.605  125.610  Next

Last modified: August 7, 2008