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.
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