§ 2-7-705 — Future, contingent and unliquidated claims

(a) If a claim which will become due at a future time or a
contingent or unliquidated claim becomes due or certain before
the distribution of the estate, and the claim has been allowed
or established by a proceeding, it is paid in the same manner as
presently due and absolute claims of the same class.
(b) In other cases the personal representative, or on
petition of the personal representative or the claimant in a
special proceeding the court, may provide for payment as
follows:
(i) If the claimant consents he may be paid the
present or agreed value of the claim taking any uncertainty into
account;
(ii) Arrangement for future payment or possible
payment on the happening of the contingency or on liquidation
may be made by creating a trust, giving a mortgage, obtaining a
bond or security from a distributee, or otherwise.