Legal Question in Wills and Trusts in New Jersey
limit of creditor's after death
How long after a will is probated do creditors know and unknown, have to file a claim against a estate, before the claim is invalid.
Asked on 12/01/00, 11:48 am
2 Answers from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: limit of creditor's after death
If you arranged to have a Notice Limiting Creditors published in an appropriate paper as part of the probate proceeding, creditors usually only have 6 months from date of publication to make a claim, unless the claim is a securred claim (like a mortgage on a home). This might not prevent you from having to pay a claim to a known creditor, just by refusing to pay it for 6 months after the notice is published. Known claims should be paid.
Walter
Answered on 12/15/00, 12:39 pm
Re: limit of creditor's after death
As to New Jersey, creditors have six months from time of probate.
Answered on 12/04/00, 12:55 pm
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