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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 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 Irvine Probate Law Then the court will schedule a hearing to approve the executor (or hear objections from other parties).
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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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Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one Irvine Probate Law (949) 812-6934 Estate Planning Lawyer The significant loss of a decedent’s estate for the payment of attorney fees,executor compensation and court costs is a great motivator to put together a great estate plan.
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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 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 Effectively resolved probate or trust administration also requires expert accounting and tax preparation.

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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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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
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If additional space is needed,attach a separate page File the signed Proof of Service by Mail with the court Irvine Probate Law Trust Attorney Notwithstanding,a revocable living trust with proper estate planning is the solution.
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