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Current as of January 01, 2024 | Updated by Findlaw Staff
Borrowing may be authorized for any one or more of the following purposes:
(1) To discharge any existing lien or mortgage on the real or personal estate of the decedent;
(2) To pay the debts of the decedent;
(3) To pay the funeral expenses;
(4) To pay the charges of administration;
(5) To pay the estate, inheritance, legacy, or succession taxes;
(6) To pay the expenses of supporting the decedent's family as prescribed by law;
(7) To pay the legacies under the will; and
(8) For any other purpose whatsoever which the court may approve as necessary or desirable for the protection or benefit of the estate.
Cite this article: FindLaw.com - Rhode Island General Laws Title 33. Probate Practice and Procedure § 33-9-15. Purposes for which borrowing authorized - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-33-probate-practice-and-procedure/ri-gen-laws-sect-33-9-15/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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