Changes to Testator's Debts and Claims

Question 1

Abatement

Answer 1

Gifts are reduced under the will to satisfy the debts and claims of an estate.

Question 2

Order of abatement

Answer 2

1. Property not included in the will
2. Residuary
3. General bequests
4. Demonstrative bequests
5. Specific bequests

Question 3

What causes abatement?

Answer 3

1. Taxes
2. Changed claim by a beneficiary or heir
3. Omitted child

Question 4

Exoneration of Liens

Answer 4

Testator devises property tha has a lien on it

In PA, the property passes subject to the existing lien and beneficiary is responsible for paying off the lien

Exception: if testator specifies in the will that the estate will pay off the lien