Oregon Statutes 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:
Terms Used In Oregon Statutes 125.520
- Conservator: means a person appointed as a conservator under the provisions of this chapter. See Oregon Statutes 125.005
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Protected person: means a person for whom a protective order has been entered. See Oregon Statutes 125.005
(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)