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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 Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Trust Attorney Free No Obligation Thirty Minute Consultation.
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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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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 has over 30 years handling probate documents and living trust formations Irvine Probate Law Probate Attorney.
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The probate process can be stressful Why add to it with driving in traffic and parking Steven F Bliss Esq Irvine Probate Law It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments.
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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You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims.
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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 Collect money owed to the estate,such as outstanding paychecks and rents.
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