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You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims Irvine Probate Law (949) 812-6934 Estate Planning Attorney The main reasons for setting up an irrevocable trust are for estate and tax considerations.
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Some assets are distributed to heirs by the court (probate assets) and some assets bypass the court process and go directly to your beneficiaries (non-probate assets) Irvine Probate Law Probate Lawyer With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs.
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Once everything has been distributed,you will submit receipts and records of everything to the court and then ask for the estate to be closed and to be released from the role of executor.
Satisfy Bills & Debts Irvine Probate Law Probate Attorney A trust administration is NOT a court-supervised process,yet its ultimate goal is also the transfer of property from an individual who has died (the �decedent”) to that individual�s beneficiaries who are identified in the living trust.
In addition to the petition,you will need to file a valid will,if one exists,and the death certificate Irvine Probate Law Living Trusts It is usually a good idea to set up an estate account for paying the estate’s final bills and expenses.
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It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments Irvine Probate Law

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Then the court will schedule a hearing to approve the executor (or hear objections from other parties) If additional space is needed,attach a separate page File the signed Proof of Service by Mail with the court Irvine Probate Law Living Trusts.
Personal effects Estate planning isn�t about the end of life,it�s about preserving the life you love When a loved one or family member dies with just a Will,or no estate plan at all,his or her family is needed to put the estate through a court-managed process called probate Irvine Probate Law It is usually a good idea to set up an estate account for paying the estate’s final bills and expenses.
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Probate laws can vary from state to state Notice must be given by first class mail or by personally delivering a copy to each person or entity at least 15 days prior to the hearing Each person should receive a copy of the “Notice of Petition to Administer Estate” showing the hearing date information Irvine Probate Law Estate planning isn�t about the end of life,it�s about preserving the life you love When a loved one or family member dies with just a Will,or no estate plan at all,his or her family is needed to put the estate through a court-managed process called probate.
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Effectively resolved probate or trust administration also requires expert accounting and tax preparation Most living trusts are �revocable� because you can change them as your circumstances or wishes change Irvine Probate Law Call Your Irvine,California Probate Attorney Now.

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Close The Estate Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Estate Planning You will need to file a request in the county where the deceased person lived at the time of their death.
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Get started the right way,make a plan Get it finished as quickly as possible Once everything has been distributed,you will submit receipts and records of everything to the court and then ask for the estate to be closed and to be released from the role of executor Irvine Probate Law Effectively resolved probate or trust administration also requires expert accounting and tax preparation.
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