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<b>Eric --- I've routinely opened & closed an estate within a
week where the PR/client says that he or she is intimately aware
of the D's financial situation, that D has no debts, that all
expenses have been paid, & that Letters are needed for some
reason or another.</b><b> I've done this many times &, so
far, have never had a problem with it.</b><br>
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<div class="moz-cite-prefix">On 11/25/2014 4:25 PM, Eric Nelsen
wrote:<br>
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<p class="MsoNormal">PR elects not to publish N/Creditors, and
wants to close estate short of the 2-year period. PR knows
estate well and is certain there are no outstanding debts; all
funeral, burial, medical, credit cards, etc., paid already,
everything except for a house mortgage which is being paid by
surviving spouse in the home.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I think this is allowable. The risk to PR
is of course that a creditor hasn't been provided for, and
their claim is still good until 2 years after DOD. In theory
that creditor could petition to re-open the estate and maybe
file suit against PR for expense of re-opening in order to get
in its claim, on the theory that the PR breached her/his
fiduciary duties to ascertain creditors.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">But if PR has been advised and is willing
to run that risk, why not just close the Estate?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Anyone think otherwise? Is a PR absolutely
prohibited from closing an estate within 2 years if no notice
to creditors has been given?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Eric C.
Nelsen<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">SAYRE LAW
OFFICES, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">1320
University St<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Seattle WA
98101-2837<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">phone
206-625-0092<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">fax
206-625-9040<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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