Monday, May 26, 2014

Are you required to do a Notice to Consumers before settling a Trust? If so, what happens if you don't?

Question

Are you required to do a Notice to Consumers before settling a Trust? If so, what happens if you don't?



Answer

You mean a Notice to Creditors, which is mandatory in probate. There is no mandatory Notice to Creditors for trust administration, but there is an optional procedure if the trustee determines it necessary.



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