Assets held in a revocable living trust are generally not protected by creditors. There are many reasons why this is the case.
Articles about Creditors
What should I do if credit card companies are contacting me regarding my deceased loved one’s estate?
Administering a probate in California can be a confusing process for those unfamiliar with the procedures. Unfortunately, failing to understand the responsibilities of an executor, administrator, or family member of a deceased individual can be costly.
The executor or administrator of a California probate estate has a duty to protect and preserve estate assets. Part of this duty involves denying or approving claims in the creditors claim procedure.
A Notice of Claim to a creditor, can make them file for a Creditor’s Claim. Learn about the information a creditor’s claim against an estate must contain.
Did your loved one pass away leaving behind debts? Here is an overview of rules relating to the debt payment process from a San Diego probate attorney.
San Diego probate and trust administration lawyer Scott Grossman explains how to notify creditors under the California probate code and handle their claims.
San Diego attorney Scott Grossman describes how Creditors should be notified under California probate law to file their claim against the decedent’s estate.
During a probate administration, notice must be provided to creditors. After the notice is sent, creditors have a limited period of time to file a claim.