by Cassandra Jones

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October 12, 2012
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Giving notice to creditors best defense against unpaid bills, debt

When someone acts as the Executor of a probate estate or the Successor Trustee of a trust, they often focus on the ultimate beneficiaries of the will or trust. The Executor or Trustee tends to be concerned about whether a beneficiary will object, or how quickly they can distribute to a beneficiary in need. While certainly valid concerns, you should not overlook the creditors of an Estate.

When someone passes away, they will owe money to someone. Sometimes it is as simple as the last month's utility bills. There are usually bills owed from the last illness, like medical or …

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The Record Courier Updated Oct 12, 2012 06:55PM Published Oct 12, 2012 06:53PM Copyright 2012 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.