An organization or individual who is owed money. Executors should be aware of the statute of limitations in their jurisdiction for creditor claims against the estate. Once the statute of limitations has passed, a creditor will have difficulty making a financial claim against the estate. As an executor, it is important to make a reasonable attempt to notify creditors that the estate is in administration, more recently these notifications have been posted to online publications.
Some examples of creditors include: banks, credit unions, financial institutions and suppliers. An executor should verify the creditor by reviewing any legal contracts in place as well as reviewing any related financial transactions from the estate.
What you need to know
How to open a loved one’s safe deposit box after they die
Opening the safe deposit box of your spouse or other loved one isn’t as easy as driving down to the bank. States often require multiple forms, and the laws depend on where you live. To make things simple, we’ve listed every state and what they require so you can open a safe deposit box quickly and easily.
Find your state’s rulesIn collaboration with
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