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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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Collect money owed to the estate,such as outstanding paychecks and rents The probate process can be stressful Why add to it with driving in traffic and parking Irvine Probate Law In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
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Free No Obligation Thirty Minute Consultation Get assistance with the onerous process of California probate and help counsel you and your family when a loved one has recently passed away Irvine Probate Law 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.
In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
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It is usually a good idea to set up an estate account for paying the estate’s final bills and expenses 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 Visit Google Here.
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Most living trusts are �revocable� because you can change them as your circumstances or wishes change Avoiding probate is by far the most common reason why people seek out the advice of an estate planning attorney Irvine Probate Law Living Trusts.
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Notice must be given by first class mail or by personally delivering a copy to each person or entity at least 15 days prior to the hearing Each person should receive a copy of the “Notice of Petition to Administer Estate” showing the hearing date information Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Probate Lawyer 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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It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments Notice must be given by first class mail or by personally delivering a copy to each person or entity at least 15 days prior to the hearing Each person should receive a copy of the “Notice of Petition to Administer Estate” showing the hearing date information Irvine Probate Law You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate.

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