They advertise in local papers. They also have to directly contact any known individuals that might have a claim against the estate.
The executor is required to notify all creditors. Placing an ad is one way that the legal requirements can be met. If there are known creditors, hospitals, credit cards, etc. they must be notified personally. Consult an attorney in your province for more details and specifics.
They have the same rights as they have with an estate that has a will. The creditors file their claims with the executor.
First you must bring the situation to the attention of the court. It can compel the executor to expedite the probating of the estate or can remove the executor and appoint a successor. However, you must notify the court of the problem.First you must bring the situation to the attention of the court. It can compel the executor to expedite the probating of the estate or can remove the executor and appoint a successor. However, you must notify the court of the problem.First you must bring the situation to the attention of the court. It can compel the executor to expedite the probating of the estate or can remove the executor and appoint a successor. However, you must notify the court of the problem.First you must bring the situation to the attention of the court. It can compel the executor to expedite the probating of the estate or can remove the executor and appoint a successor. However, you must notify the court of the problem.
That is the responsibility of the legally appointed estate representative. If no estate is opened and no representative appointed because there is no estate, any family member can notify the creditor of the death. It will likely request a copy of the death certificate. It is best to notify creditors as soon as possible to avoid debts going to collection as delinquent.
== == In Massachusetts, creditors have 1 year from the date of death to notify the executor or administrator of the estate of the outstanding debt. This has just happened to me in North Carolina: My attorney ran it in the paper for 30 days and that was all. In Kentucky, an estate has to remain open for a minimum of 6 months for the purpose of allowing enough time for creditors to come forward and make claims against the estate for debts. If it has been charged off the estate, they are merely harassing you.
Generally, an executor is in a fiduciary position and thus prohibited from using the assets of an estate for personal use. It should be reported to the court immediately.
Yes. This can make sense in order to close out the debts of the deceased and prevent creditors from annoying surviving family members.
contact the executor of the estate and file to collect it from the estate. you have to notify the estate of the debt. Depending on the state, most must be filed with the estate within 4 months of the said death.
There is no executor of probate. The executor of the estate executes the will and probates the estate.
It is the responsibility of the executor to notify all possible debtors and advertise for others.
The executor is obligated to pay all of the debts of the decedent. The creditors get paid before any funds or property are distributed to the heirs.
What is the executor of the estate for the titanic?