My dad recently passed and has an estate valued at $300k. Of this, $140k is from life insurance, the rest from stocks/mutual funds. These assets were all placed in a revocable living trust over 10 years ago where I am the sucessor trustee and executor. The insurance policy listed the trust as the beneficiary. He also died with approximately $75k in credit card debt. The credit cards were listed in his name only, not the trust.
Now that I am settling up his affairs, is there any way to protect these assets from the credit card companies? If they are entitled to payment, is it possible to settle for something less than 100% of the amount owed?