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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.
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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 With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs Citrus Heights Probate Law Probate Lawyer.
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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.