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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 Irvine Probate Law (949) 812-6934 Estate Planning Attorney The main reasons for setting up an irrevocable trust are for estate and tax considerations.
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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).
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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 Irvine Probate Law Estate Planning Lawyer Avoid Probate Fees & Costs.
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Irvine Probate Law Living Trust Attorney Irvine Probate Attorney Steve Bliss is fully versed in all matters with probate proceedings.
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The paperwork will ask for you to be officially acknowledged as the legal executor representing the estate.
Distribute Remaining Assets Irvine Probate Law Estate Planning Lawyer 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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We can video conference via Facetime,Zoom,and Messenger 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 Irvine Probate Law Estate Planning Attorney.
Irvine Probate Law Trust Attorney Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one.
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Collect,inventory and appraise all assets that are subject to probate and present them to the court,such as: Irvine Probate Law Trust Attorney This may require some sleuthing on your part You might need to go through checkbooks,emails and/or bank account to gather information.
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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

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Irvine Probate Law Probate Lawyer 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.
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The main reasons for setting up an irrevocable trust are for estate and tax considerations Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Estate Planning Attorney 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.
Irvine Probate Law Living Trusts 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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