RMAI Education: Best Practices and Considerations for an Effective Estate Recovery Strategy
May 18 @ 12:00 pm
It’s important to understand that the differences between traditional debt recovery and decedent account recovery are significant, and decedent accounts require specialized treatment. As such, these accounts shouldn’t follow the same path that traditional delinquent accounts follow. Identifying probated estates and filing creditors’ claims are a complicated, yet critical, part of this specialty receivable as well. Simply searching for probate cases, managing the process, and remaining compliant within the requirements to present claims in each jurisdiction (of which there are more than 3,400), and doing so in compliance with Regulation F, is enough to cause complications.