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File Petition To Begin Probate Irvine Probate Law 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.
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The significant loss of a decedent’s estate for the payment of attorney fees,executor compensation and court costs is a great motivator to put together a great estate plan 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 Estate Planning.
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Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one FaceTime and Video Conferencing Available Irvine Probate Law Irvine Probate Law can handle all meetings or interactions with beneficiaries to fix issues and explain the workings of the trust which can be time consuming,challenging,if not downright exhausting.
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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 Irvine Probate Law (949) 812-6934 Trust Attorney 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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Collect money owed to the estate,such as outstanding paychecks and rents.
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