Which estate trustees should advertise for creditors?
Every estate trustee should advertise for creditors on NoticeConnect to protect themselves from liability. If an estate trustee fails to advertise for creditors, they can be held liable for the full amount of the deceased's outstanding debts. There is no cap on how high this liability can go.
Common debts include utilities bills, credit cards, cellphone bills, car loans, hospital bills, and many others.
We've made it affordable and practical for you and your clients to always advertise for creditors. For a one-time flat fee of $130, an estate trustee can publish a notice on our site and be fully protected from liability from outstanding creditors. This cost is a disbursement that is borne by the estate. There's simply no reason to risk liability.
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