How do we settle a loved one's debt after her passing?
I need to know how to properly write a letter to creditors, hosptials, medical facilities, etc. How do we find out if there are insurance policies belonging to the deceased? We have all of her credit cards, hospital bills, and other medical facilities bills. She had a revocable living trust which left me all of her assests and the revocable trust is in my name now. Can we ask for discounts? Do we need help!
Expert Answer
There's a good self-help book that will provide you with all the step-by-step guidance you need to administer the trust"”from locating and managing and distributing the property to writing the proper correspondence to all required businesses and agencies.
It is The Trustee's Legal Companion, published by Nolo. You can find information about it at http://www.nolo.com/products/the-trustees-legal-companion-TRUG.html.
In the interests of full disclosure, I worked for many years as an author and editor at the publisher, Nolo. But I am not involved with this book in any way and do not stand to profit from it. I can only vouch that the company produces meticulously researched and updated products.