Post: Closing out Probate
Posted by xmasbaby78 on 6/09/10
What is the name of your state (only U.S. law)? Tennessee
My mother passed 1/10/10. I filed for a petition to
become the Executor of her estate 2/19/10. The four month
period for all claims will end 6/19/10.
My questions are:
**She had a car that was returned back to the bank. It
was valued at $17,000. It was sold at an auction for
$12,500 leaving a $4,500 balance. A claim was submitted
to probate for the full amount prior to the car being
sold. Does the bank have to submit another claim to the
probate for the balance is is the orginial claim still
**The hospital where she passed never filed a claim with
her insurance company for her final bill. Instead the
filed a claim through probate. I have called the hospital
several times giving them her insurance information. At
one point I was told that the claim had been proccessed
and was pending. After consulting with the insurance
company I found out the hospital never filed a claim and
that there was nothing pending. As of today, the hospital
has finally decided to file the claim. Do I have to wait
for this to be settle before the estate can be closed? I
have verification of benefits from her job and insurance
company. What can be done in this case??
This process has been very overwhelming. I have not had a
chance to greive for my mother. I want very badly to
expedite this as quickly as possible. My mother's estate
is less than $50,000 other than the car and hospital claim
very few creditors have submitted claims. $8,000 to be
paid. She was $15,000 in credit card debt.
**Is it ok for me to agree to pay what is requested so
everything can be finalized?
I have a bad feeling my lawyer will try to get me to
haggle with the creditors, which I don't want to do!!!!
As I stated before, I am tired and I am ready for this to
end. My lawyer stated that just because the claim period
will have ended it could still take MONTHS for the estate
**Do I have any say in how long the estate should remain
open after 6/19/10?
Help advice, thoughts or suggestions will be greatly
Headed further south once this is resloved!
Posts on this thread, including this one
- Closing out Probate, 6/09/10, by xmasbaby78.