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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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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 Trust Attorney 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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Then the court will schedule a hearing to approve the executor (or hear objections from other parties) home.
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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 Irvine Probate Law Probate Attorney Need Assistance with your legal probate proceedings?.
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Estate Planning Law Experience of Over Thirty Years Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Estate Planning 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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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 Estate Planning It is usually a good idea to set up an estate account for paying the estate’s final bills and expenses.
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No office visits are needed We can work virtually to save you time and money Most living trusts are �revocable� because you can change them as your circumstances or wishes change Irvine Probate Law Stocks and bonds.
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