Wisconsin Statutes 860.05 – Free of creditor’s claims

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Terms Used In Wisconsin Statutes 860.05

Personal representative: means a person, however denominated, who is authorized to administer a decedent's estate. See Wisconsin Statutes 990.01
Property: includes real and personal property. See Wisconsin Statutes 990.01

If property in an estate is sold, mortgaged or leased by a personal representative, title passes subject to the rights of creditors having a secured interest in the property sold but free and clear of any right of creditors which is based on the filing and allowance of a claim in the estate. The filing and allowance of a claim in an estate does not make one a secured creditor.