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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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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 You will need to file a request in the county where the deceased person lived at the time of their death Irvine Probate Law 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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