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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 Call us now: (949) 812-6934 Irvine Probate Law Irvine Probate Law has over 30 years handling probate documents and living trust formations.
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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 Irvine Probate Law Estate Planning Attorney Avoiding probate is by far the most common reason why people seek out the advice of an estate planning attorney.
Effectively resolved probate or trust administration also requires expert accounting and tax preparation Irvine Probate Law Living Trusts You will need to file a request in the county where the deceased person lived at the time of their death.
File Petition To Begin Probate You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate Irvine Probate Law Lawyer Steven F Bliss offers personalized estate planning and help with probate-related issues.
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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 component.
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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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 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 Attorney.
Work with Irvine Probate Law to get the right estate plan for you Irvine Probate Law Probate Attorney If you�re approved as executor,the court will officially open the probate case and you will now be able to act on behalf of the deceased�s estate.
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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 transfer.
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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.
If you�re approved as executor,the court will officially open the probate case and you will now be able to act on behalf of the deceased�s estate Irvine Probate Law (949) 812-6934 Estate Planning Attorney Probate laws can vary from state to state.
Distribute Remaining Assets Also review any outstanding bills and debts and decide whether/how they must be paid Irvine Probate Law Avoid Probate Fees & Costs.
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