A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die.
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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 You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate Irvine Probate Law Stocks and bonds.
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Collect,inventory and appraise all assets that are subject to probate and present them to the court,such as: Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Estate Planning Lawyer 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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The probate process can be stressful Why add to it with driving in traffic and parking Steven F Bliss Esq Irvine Probate Law It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments.
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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.
You will need to file a request in the county where the deceased person lived at the time of their death call.
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Work with Irvine Probate Law to get the right estate plan for you The main reasons for setting up an irrevocable trust are for estate and tax considerations Irvine Probate Law Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one.
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