Legal Question in Credit and Debt Law in Nevada

Do outstanding bills have to be paid out of a trust.

My father has a revocable trust, I am the executor. When my father dies do I have to pay his outstanding bills out of my trust? The bills amount to more than the cash value in the trust. The trust does not specify any company/creditor by name to be paid, however, the trust reads:..... 'all the trust estate shall be paid out and distributed....and all valid creditors claims shall be paid fro the trust assets'. So how do the creditors, i.e. ''Visa Card'' know that he has a trust? Can't I just submit the death certificate?


Asked on 2/15/08, 3:55 pm

1 Answer from Attorneys
Paul Malikowski Malikowski Law Offices, Ltd.

Re: Do outstanding bills have to be paid out of a trust.

Nevada law, specifically NRS 164.025, provides guidance on the following subjects:

NRS 164.025 Notice of death of settlor; filing of claim against trust estate; effect of failure to file claim; notice to Department of Health and Human Services; notice of rejected claim; effect of failure to bring suit after notice of rejected claim.

Your attorney can explain further.

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Answered on 2/15/08, 4:16 pm


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