Creditors

When you are appointed as an executor or a trustee of an estate, or you find out that someone that owes you money has passed way, you need to have legal representation. While it can be overwhelming to take care of an estate or to file a claim against an estate, if you retain Diane Cohen, PA it can take some of the stress out of the process. If you have recently learned that you are going to be overseeing the estate of a loved one or you are owed money by someone who has died, be sure that you do your research and find an estate law attorney that you can trust.

What Is A Creditor?

Creditors are people who are owed money. In the case of estate administration, the creditors are the people whom the decedent, or the person who passed away, owes money to. As the executor or trustee, you are required by law to notify the creditors of the death of the person who owes them money. You will need to search diligently to ensure that any creditor is included, but the creditors also have rights and regulations, but they have a deadline to file a claim against an estate, which means that they cannot come up years later claiming that the estate owes them money.

If you do not notify a creditor that you knew about, you could face civil action as the representative of the estate. This could put the debt in your own lap, which you do not want or need. The Law Offices of Diane Cohen, PA will help you to ensure that you have done everything possible to meet the laws concerning creditors and their claim upon an estate and to protect your own rights and finances.

Are You A Creditor?

When a friend or family member dies, they could have died owing you money. You have a right to file a claim against the estate. Bills and loans must be repaid first out of an estate, so if you were owed money, you will want to file a creditor claim during probate. Your Florida attorney can help you to do this and get the money you are owed.

During probate, you want to be sure that you understand what paperwork needs to be filed with the courts. Contact Diane Cohen, PA to learn what your rights are, as far as creditor claims upon the estate that you are managing or as a creditor. Contact her today for a consultation and to learn more about what you need to do.

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