What records should an estate keep for a creditor claim? | NC

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Q: What records should an estate keep when resolving a creditor claim? A: An estate should keep a clear paper trail showing five things — the claim was identified, verified, handled on time, properly paid or denied, and reported in the estate accounting. Keep the creditor’s written demand, the amount claimed, the reason for the debt, account or reference numbers, and any itemized calculation.…