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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 The main reasons for setting up an irrevocable trust are for estate and tax considerations Irvine Probate Law Satisfy Bills & Debts.
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41 Corporate Park, Irvine, CA 92606
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You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate Irvine Probate Law Estate Planning Attorney Check Out Our YELP Reviews.
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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 You will need to file a request in the county where the deceased person lived at the time of their death Irvine Probate Law 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).
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