Taxation & Estate Planning

5 Tips for Dealing with Claims: Tip 3

By Joel A. Schoenmeyer

3. Last time I talked about how you can minimize the claims period by giving notice. If things break correctly, maybe the creditor won't even file the claim.

But sometimes a creditor does file the claim -- informally, by sending it to the personal representative or his or her attorney instead of filing it with the court. The personal representative can then send a "Disallowance" of the claim to the creditor, using the procedures set forth in Section 18-11(b) of the Illinois Probate Act. The Disallowance can cut the time for the creditor to file his or her claim with the court, to two months from the time the Disallowance is sent to the creditor.

Full post as published by Death and Taxes Blog on November 18, 2009 (boomark / email).