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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 Citrus Heights Probate Law Estate Planning Attorney The main reasons for setting up an irrevocable trust are for estate and tax considerations.
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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 Citrus Heights Probate Law (916) 596-3435 Estate Planning Attorney Proper estate planning is the solution Call today for a free consultation.
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Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one No office visits are needed We can work virtually to save you time and money Citrus Heights Probate Law 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 also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments 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 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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