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COVID-19 NOTICE:

After careful review of the COVID-19 environment the law firm of Chayet & Danzo, LLC, will not be conducting in-person appointments in our offices until May 26th, 2020.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m Monday through Thursday and 8:00 a.m. to 4:00 p.m. on Fridays. We will also respond to e-mails as soon as we can.

This decision is in the best interest and health of our team, clients, and community.

We will be accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

Compassion, talent and dedication: guiding colorado families and Their Trusted Advisors During Times of Need

Creditors and paying bills: The role of a personal representative

The role of a personal representative is vital in the administration of an estate. This individual takes on a host of responsibilities, following the wishes of the decedent while navigating the legal system. It is an important job with many moving parts.

A key piece of the estate administration process involves getting a thorough handling on the decedent’s bills.

Identifying and notifying creditors

Among the first parties to contact an estate following a person’s death are often creditors – individuals or groups owed money by the decedent. State probate laws allow for a clear, structured path for creditors to see these debts settled.

A lot of this work falls on the personal representative.

During the collection and inventorying of documents, the personal representative should make sure to identify and keep anything related to debts. While some creditors will reach out to the estate directly, the personal representative should also take time to contact anyone that might be owed money.

Similarly, a personal representative needs to publish a notice in a local newspaper, stating what happened and providing creditors an opportunity to reach out. This helps ensure creditors only have a few months to stake a claim.

Paying the bills

Once creditors have been identified and claims have been made, the personal representative has to make sure the estate pays those bills. However, it’s a good idea to only pay these debts once you’ve collected all of them and determined they are legitimate.

Serving as a personal representative is an important task, one generally given only to those who can be trusted. The role of a personal representative can be a significant undertaking. Considering the long list of tasks, it sometimes requires extra help to ensure it all goes smoothly.

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We are the premier Elder Law firm in the Colorado region. We set ourselves apart from other law firms in the area with our talent, dedication, compassion and ability of our attorneys to handle any case in Elder Law. We serve Colorado families with experience and dignity in your time of need.

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Denver, CO 80246

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Aspen, CO 81611

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  • Rated by Super Lawyers Macro Chayet SuperLawyers.com
  • Rated by Super Lawyers Frank J. Danzo, III  SuperLawyers.com
  • Member National Academy of Elder Law Attorneys, Inc. TM
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