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Persons who are appointed as personal representatives of estates use this to prove to others that they need to work with to carry out their duties that they have been officially appointed by the court. Get form DE-150. Effective: January 1, 1998.
File the original claim with the probate filing clerk. You must file the claim with the court before the LATER of (a) four months after the date letters (authority to act for the estate) were first issued to the personal representative, or (b) sixty days after the date the Notice of Administration was sent to you.
Creditor's claim (sometimes referred to as a proof of claim) is a filing with a bankruptcy or probate court to establish a debt owed to that individual or organization.
Generally, in California creditors of a decedent's estate have up to one year (365 days) from the decedent's death to file a timely creditor claim.
Those to whom a deceased person owes money or other property (creditors) use this to make a claim against the estate. Also explains how to fill out the claim, when and how to file it, and what may happen if it is not filed on time.
An executor or executrix is the person named in a will to carry out the terms of the will. Upon petition, the Superior Court will verify the appointment of the executor in the will and issue Letters Testamentary which give the executor the right to administer the estate of the deceased and to dispose of any property.
Creditor's Claim form (Form DE-172, Judicial Council). Itemize the claim and show the date the service was rendered or the debt incurred. Read the form carefully ? it contains important instructions on filing the claim. Mail or deliver a copy of the form to the personal representative and his or her attorney.
The creditor's financial claims to the assets are called liabilities. The relationship between assets, liabilities, and owner's equity are shown in the accounting equation: Property and Financial Claims.