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Form DE 157 Notice of Administration to Creditors California

Form DE 157 Notice of Administration to Creditors California

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Instructions and help about Form DE 157 Notice Of Administration To Creditors California

every probate estate has creditors that need to be dealt with these may be creditors you know about they may be creditors that you don't but every estate will have to address it if you're the executor or the administrator of the estate you've had your letters issued you've probably started gathering up the assets of the estate that's all on the plus side of the ledger and now dealing with creditors is dealing with the minus side of the ledger in this video I'll discuss what types of creditors there are how long creditors have to file a claim what to do once you've received the creditors claims and what happens if you approve or deny a claim here's how you deal with creditors of the estate first thing is you need to realize every estate potentially is two sets of creditors the first set are three state agencies that must get notice of probate that's going to be dealt with by your attorney there's nothing you

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