(Formerly Sec. 45-60a). Payment by guardian or conservator of administration expenses of deceased person

(a) Upon the death of a person with respect to whose estate a guardian or conservator has been duly appointed by a Probate Court, has qualified and is acting as such, if (1) the estate consists entirely of personalty, and (2) the estate remaining in the hands of the guardian or conservator at the time of the death of the person is not more than sufficient to pay expenses incurred during the lifetime of the person and not paid as of the date of death, administration expenses necessary to the settlement of the fiduciary's final account and the funeral expenses, including the cost of a suitable monument and cemetery plot, then such guardian or conservator may pay such expenses and take credit therefor on his final account. The payments shall be subject to the limitations set forth in sections 17b-95 and 17b-300. (b) If the estate is less than sufficient to pay all such expenses in full, the provisions of section 45a-365 as to order of payment shall govern.