If you’re managing an estate as the appointed executor, one of your duties is to pay the debts of the estate. If the estate does not have sufficient funds to pay all debts, the debts are paid in a specific order.
Typically, the State of Ohio gives creditors six months from the date of death to file a claim against the estate. Executors must pay the debts—unless the creditor’s claim is invalid.
How do you know if all claims are valid? The easiest way to make sure you’re only paying valid debt is to work with a lawyer. James Bart Leonardi, LLC has vast experience navigating estate debt and creditor claims.
Estate debts typically include unpaid medical bills, credit card balances, mortgages and unpaid utilities. Creditors can also file claims for unpaid services and personal loans.
There are several ways a creditor’s claim may be deemed invalid, including:
When you’re having difficulty sorting out creditor claims against an estate in the State of Ohio, rely on James Bart Leonardi, LLC for legal guidance. We will determine if claims are valid and ensure they are paid, while rejecting invalid claims against the estate. In other words, we will guarantee the estate is administered properly. There’s no need to handle this complex issue on your own—call us today.