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When Can Claims to Creditors Be Waived?

Shannon Miller explains that after a certain period of time, claims to creditors can be waived. For assistance with claims to creditors, contact The Miller Elder Law Firm today.

“Once I publish in the newspaper, then the claims period ends. After that point, if I have done my job where I’ve diligently sent out all those notices, done my stuff in the newspaper, then those claims of creditors can be waived. After that time, if you have done your job right—you diligently searched, you sent out your creditor letter, you published in the newspaper—then the door is closed, and creditors cannot come back later on and say, ‘Hey, I was owed $100,000. I didn’t make a claim in the estate.’ If you did your job right, that claim from that creditor can be extinguished.”