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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 more.
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Citrus Heights Probate Law Living Trusts 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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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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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 Citrus Heights Probate Law Estate Planning Attorney Notwithstanding,a revocable living trust with proper estate planning is the solution.
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.
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Check to make sure that all of the persons and entitles listed on Attachment 8 of the Petition for Probate have been given notice.
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Also review any outstanding bills and debts and decide whether/how they must be paid Get assistance with the onerous process of California probate and help counsel you and your family when a loved one has recently passed away Citrus Heights Probate Law Estate Planning Law Experience of Over Thirty Years.
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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) Citrus Heights Probate Law

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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate Citrus Heights Probate Law Living Trust Attorney FaceTime and Video Conferencing Available.
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