Contact Us Before You Pay Creditors
The probate process can become much more involved and take longer to complete when a person dies with debt. If you are dealing with an estate following a loved one's death or you have been appointed a personal representative in a will, do not begin to pay creditors until you have hired an experienced probate attorney.
Under Florida law, some creditors have a higher priority and should be paid first while other creditors may not be paid if there are insufficient assets or they do not make a valid claim.
At The Law Office of Silverman, Mack & Associates, our top priority is to preserve the estate's assets. A highly experienced Florida probate attorney at our firm will review the estate's assets and debts, and make informed recommendations regarding the payment of creditors.
It is also important to know that you will not be responsible for paying debts above and beyond the value of the estate. Contact our firm to learn more about how we can help protect your loved one's estate and deal with creditors efficiently and cost-effectively.
Notifying Creditors During Formal Administration
During a formal administration, our lawyers will help you notify the decedent's creditors, providing them the opportunity to make a claim on debt owed to the creditor. Most creditors can be identified by gathering information from the decedent's personal records and mail. Credit card and medical bills are maybe paid at the conclusion of the claims period.