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With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Living Trusts Probate Attorney.
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It includes locating and determining the value of the decedent�s assets,paying his final bills and taxes,then distributing the remainder of the estate to his rightful heirs or beneficiaries.
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Estate Planning Law Experience of Over Thirty Years Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Estate Planning 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.
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 Living Trusts Nearly all forms can be signed electronically.
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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 assets.
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Irvine Probate Law Living Trust Attorney In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
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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 Estate Planning 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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