probate rules Notice to Creditors

 Note: this are more  probate procedures to take into account when dealing with probate

1. Notice to Creditors

You must mail a notice of administration to each known creditor of the decedent within two to four months after your appointment as personal representative.

2. Insurance

You must mail a notice of administration to each known creditor of the decedent within four months after your appointments as personal representative.

3. Record Keeping

    a. Keep accounts  You must keep complete and accurate records of each financial transaction affecting the estate. You will have to prepare an account of all money and property you have received, what you have spent, and the date of each transaction. You must describe in detail what you have left after the payment of expenses.

    b. Court review ? your account will be reviewed by the court. Save your receipts because the court may ask to review them. If you do not file your accounts as required, the court will order you to do so. You may be removed as personal representative if you fail to comply.

Step by Step coverage of everything you need to know about probate, including * The basics of probate planning
   * Real and personal property issues * handy sample forms, and more just to mention a few.

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