wills and trust – Raxter Law

https://i0.wp.com/www.raxterlaw.com/wp-content/uploads/2021/04/Trust-creditor-scaled.jpg?resize=1280%2C640

Did you know?PROBATE TrustsDid you know? – Under a trust a creditor only has one year to collect or file suit to enforce debt

April 14, 2021by RaxterLaw

LEGAL LIMITS FOR CREDITORS TO FILE LAWSUITS TO COLLECT California has a special statutes of limitation dealing with claims against deceased persons. This rule bar any lawsuit on a liability (debt) of a deceased person unless the lawsuit is filed before the first anniversary of the decedent’s death. This one-year legal limit applies to debts...

ELDER LAWRole of the Executor in a will

February 1, 2015by RaxterLaw

Executor’s role in Probate What is an “Executor?” In California the Executor is also called a personal representative. It is the person or entity nominated by the deceased person (the “decedent”) in a Will to administer the estate of that person as directed by the Will. Let’s start by stating that it’s both an honor...