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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) Irvine Probate Law Probate Lawyer With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs.
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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 Irvine Probate Law Trust Lawyer 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 Lawyer Avoid Probate Fees & Costs.
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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate Then the court will schedule a hearing to approve the executor (or hear objections from other parties) Irvine 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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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 bit Irvine Probate Law Living Trust Attorney use

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Estate planning isn�t about the end of life,it�s about preserving the life you love When a loved one or family member dies with just a Will,or no estate plan at all,his or her family is needed to put the estate through a court-managed process called probate 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 Estate Planning.
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