Numerous responsibilities come with being the personal representative of a deceased person’s estate. Among these are duties regarding creditors.
For one, a personal representative has the responsibility of notifying creditors of the deceased’s death. There are two main types of notices to make.
One is the notification of known creditors. This involves sending individual notices to all creditors the personal representative is able to reasonably identify.
The other is a notification of unknown creditors. How can such notice be made? It is made through issuing a public notice of death.
As a note, there are deadlines when it comes to making the above notifications.
Now, a personal representative’s creditor-related duties do not end with these required notices. When creditors make claims on the estate, it can trigger a range of further duties. A list of some of the duties that can come up are on this page of our firm’s website.
What particular duties a personal representative has related to a given creditor claim can be impacted by a range of different things, including whether the creditor met the relevant deadline in making the claim. Given this variation, there is the potential for a representative to be confused about what their particular creditor-related duties are. Such confusion, if no efforts are taken to clear it up, could lead to a personal representative making mistakes that could create major legal trouble for them.
So, when a personal representative is uncertain of their creditor-related duties, they should consider promptly seeking clarification and guidance from a skilled estate administration attorney.
For one, a personal representative has the responsibility of notifying creditors of the deceased’s death. There are two main types of notices to make.
One is the notification of known creditors. This involves sending individual notices to all creditors the personal representative is able to reasonably identify.
The other is a notification of unknown creditors. How can such notice be made? It is made through issuing a public notice of death.
As a note, there are deadlines when it comes to making the above notifications.
Now, a personal representative’s creditor-related duties do not end with these required notices. When creditors make claims on the estate, it can trigger a range of further duties.
What particular duties a personal representative has related to a given creditor claim can be impacted by a range of different things, including whether the creditor met the relevant deadline in making the claim. Given this variation, there is the potential for a representative to be confused about what their particular creditor-related duties are. Such confusion, if no efforts are taken to clear it up, could lead to a personal representative making mistakes that could create major legal trouble for them.
So, when a personal representative is uncertain of their creditor-related duties, they should consider promptly seeking clarification and guidance from a skilled estate administration attorney.