“Settlement statements” are the final documents prepared at closing that list every cost, fee, payoff, and distribution involved in the sale of the property, showing exactly where all the money goes and how the net proceeds are calculated for the estate.
Pay unresolved debts against the deceased, such as lawsuits, unpaid child support, or creditor judgments, that may attach to the estate or its property and must be handled before closing.
putting the remaining money from the home sale, after paying off the mortgage, liens, commissions, and closing costs, into the estate bank account. This becomes the estate’s cash to pay debts and later distribute to beneficiaries.
