Current through the 2024 Fourth Special Session
Section 75-7-509 - Limitations on presentation of claims(1) All claims against a deceased settlor which arose before the death of the deceased settlor, whether due or to become due, absolute or contingent, liquidated or unliquidated, founded on contract, tort, or other legal basis, if not barred earlier by other statute of limitations, are barred against the deceased settlor's estate, the trustee, the trust estate, and the beneficiaries of the deceased settlor's trust, unless presented within the earlier of the following: (a) one year after the settlor's death; or(b) the time provided by Subsection 75-7-508(2) or (3) for creditors who are given actual notice, and where notice is published, within the time provided in Subsection 75-7-508(1) for all claims barred by publication.(2) In all events, claims barred by the nonclaim statute at the deceased settlor's domicile are also barred in this state.(3) All claims against a deceased settlor's estate or trust estate which arise at or after the death of the settlor, whether due or to become due, absolute or contingent, liquidated or unliquidated, founded on contract, tort, or other legal basis are barred against the deceased settlor's estate, the trustee, the trust estate, and the beneficiaries of the deceased settlor, unless presented as follows: (a) a claim based on a contract with the trustee within three months after performance by the trustee is due; or(b) any other claim within the later of three months after it arises, or the time specified in Subsection (1).(4) Nothing in this section affects or prevents:(a) any proceeding to enforce any mortgage, pledge, or other lien upon property of the deceased settlor's estate or the trust estate;(b) to the limits of the insurance protection only, any proceeding to establish liability of the deceased settlor or the trustee for which he is protected by liability insurance;(c) collection of compensation for services rendered and reimbursement for expenses advanced by the trustee or by the attorney or accountant for the trustee of the trust estate; or(d) the right to recover medical assistance provided to the settlor under Title 26B, Chapter 3, Part 10, Medical Benefits Recovery.Amended by Chapter 330, 2023 General Session ,§ 34, eff. 5/3/2023.Amended by Chapter 72, 2004 General Session
Renumbered and Amended by Chapter 89, 2004 General Session
Amended by Chapter 90, 2004 General Session.