In re Estate of Mallon

Citations

• 3 Coffey 125

Syllabus

<p>Claims Against Estate—Whether Draw Interest.—All interest-bearing obligations continue to bear interest after the obligor’s death; even those that were not originally interest bearing become so after presentation and allowance.</p> <p>Claims Against Estate—Computation of Interest.—To ascertain the amount of a claim against a decedent’s estate at any particular time, there should be added to its face the accrued interest to that date, limiting the rate to seven per cent when the estate is insolvent.</p> <p>Claims Against Estate.—The Preference Given to Judgments rendered against a decedent in his lifetime includes the interest due thereon at the time of payment.</p>