Credit report can provide needed information during probate

Though many people like to think that they know their loved ones, it is often impossible to know every detail. Of course, when a person is in charge of handling the probate process for a deceased loved one, it is often necessary to find out as many details as possible in order to properly settle the decedent’s final affairs. In particular, an executor may need information about the person’s creditors.

One way in which a California executor could gain information about a deceased loved one’s creditors is by obtaining a copy of the decedent’s credit report. This may seem like a difficult task, but fortunately, it is relatively straightforward. The executor can contact the applicable credit reporting agency either online or by mail in order to request a copy of the credit report.

Because these agencies cannot provide such information to just anyone, the executor will likely need to provide proof that he or she has the authority to act on behalf of the estate, which is often a document provided by the court when the person was appointed as the executor. The decedent’s death certificate will also be necessary. Contacting the major credit reporting agencies could better ensure that most of the creditors are listed for estate purposes.

Taking this step is only one of the many that executors often need to take during probate in order to gain information about a person and his or her estate. Because it can take a lot of time and effort to close an estate, it is wise for the executor to be prepared. Obtaining information on other important details needed during this process may help California executors.