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What is a Notice to Creditors?
If you're an executor of an estate, a Notice to Creditors helps you do your job right. It ensures that creditors are aware of their right to present a claim against the estate. As an executor, you're required to inform the estate's creditors that the deceased has passed. A Notice to Creditors can make certain all creditors know to present their claims against the estate. Once notified, all creditors have the chance to inform you of their claim against assets in the estate. The Notice is commonly published in the county newspaper where the deceased's probate claim is, or would be, filed. Publication makes certain all unknown creditors have an opportunity to present their claims against the estate.
When to use a Notice to Creditors:
- You are the executor, personal representative or attorney for a deceased's estate and are required to notify all potential creditors of their opportunity to present a claim against the estate.