What is Notice to Creditors and why is it important?

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Once an estate has been opened in court, the personal representative is required to notify all known or reasonably ascertainable creditors. The personal representative is also required to notify any unknown creditors. And this is done by producing a notice to creditors that is then published in a newspaper of general circulation in the county where the deedent resided at the time of their death. That notice to creditors essentially says that the estate’s been opened, that an executive has been appointed. It provides

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information about the deedent, when they died, also provides a time frame, which is four months in Tennessee. That notice creditors is then also provided to any known creditors that we are aware of. And so that officially puts them on notice to file a claim against the estate if they have one. Or else, if they don’t file within the fourmonth time period, they’re barred from collecting on that debt.

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