When real estate or assets are in Probate in California, the Probate Lawyer must send a Notice of Probate to all creditors. Debt such as credit card debt, medical bills, car loans, money owed to the Department of Health Services, money owed to the State Franchise Tax Board and any other debt must receive a Notice of Probate.
If the creditor(s) make a timely creditor’s claim, then the Attorney will attempt to negotiate a reduced payment of the claim. In most cases, the claim is not paid in full, as the Attorney negotiates the pay off of the debt.
This is a very important part of the Probate process! An experienced Probate Lawyer knows how to negotiate with creditors and pay as little of the debt as possible thereby leaving more money for the heirs or beneficiaries. Once the negotiation is complete, the Probate can proceed through the court.
If you have questions about creditor claims for a California Probate, call Legal Action Workshop @ 1-800-HELP-444 (1-800-435-7444) for a FREE consultation or visit our website @ www.LegalActionWorkshopLAW.com .
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