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In the case of a small estate,or if the decedent left his assets in trusts or gifted them prior to his death,probate may not be necessary Irvine Probate Law (949) 812-6934 Living Trust Attorney Steve Bliss Location.
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Effectively resolved probate or trust administration also requires expert accounting and tax preparation Retirement accounts Irvine Probate Law 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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Collect money owed to the estate,such as outstanding paychecks and rents.
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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.
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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
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41 Corporate Park, Irvine, CA 92606
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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 Make sure your estate planning documents are handled with care Irvine Probate Law Estate Planning Attorney.
ATTORNEY PROFILE Irvine Probate Law Living Trusts Then the court will schedule a hearing to approve the executor (or hear objections from other parties).
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 Check Out Our YELP Reviews 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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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 google rating Irvine Probate Law Living Trust Attorney.
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Estate Planning Attorney Steve Bliss is devoted to solving estate planning and trust issues A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die Irvine Probate Law Also review any outstanding bills and debts and decide whether/how they must be paid.
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This may require some sleuthing on your part You might need to go through checkbooks,emails and/or bank account to gather information.
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