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Nonprobate > Nonprobate Creditor's Claims Procedure
Handling Creditor's Claims in a Nonprobate Estate >
Overview of the Optional "Nonprobate Creditor's Claim Procedure"
In the big scheme of things, here the legislature is balancing two interests:
The compromise reached is that:
Remember: This procedure, and especially publishing a Nonprobate Notice to Creditors, is ENTIRELY OPTIONAL, UP TO YOU, & NOT REQUIRED BY LAW. It takes:
What you get for it is that you reduce the time that the great majority of creditors have to make their claim:
What this means is that by following this procedure, when you distribute Decedent's assets to his/her Beneficiaries following the expiration of the 4 month period, they take those assets with virtually clear title, free of any potential claims --- otherwise, the assets remain subject to potential claims for 2 years after Decedent's death.
WASHINGTON PROBATE believes its advantages in the great majority of cases far outweigh its effort and cost and urges you to follow it. All it takes is one dilatory creditor to make the $100 or so cost of publication a remarkably cheap investment.