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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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You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Trust Lawyer No office visits are needed We can work virtually to save you time and money.
Close The Estate Irvine Probate Law (949) 812-6934 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.
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Most living trusts are �revocable� because you can change them as your circumstances or wishes change.
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Probate Lawyer Check to make sure that all of the persons and entitles listed on Attachment 8 of the Petition for Probate have been given notice.
If additional space is needed,attach a separate page File the signed Proof of Service by Mail with the court Irvine Probate Law (949) 812-6934 Trust Attorney Irvine Probate Attorney Steve Bliss is fully versed in all matters with probate proceedings.
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41 Corporate Park, Irvine, CA 92606
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Living Trusts Irvine Probate Law Living Trust Attorney In the case of a small estate,or if the decedent left his assets in trusts or gifted them prior to his death,probate may not be necessary.
You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims system.
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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 close.
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