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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.
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Then the court will schedule a hearing to approve the executor (or hear objections from other parties) Folsom Probate Law 850 Iron Point Rd,Ste: 4B Folsom,CA 95630 Estate Planning Attorney You will need to file a request in the county where the deceased person lived at the time of their death.
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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 Folsom 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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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 Make sure your estate planning documents are handled with care Folsom Probate Law Trust Lawyer.
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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.
In addition to the petition,you will need to file a valid will,if one exists,and the death certificate Folsom Probate Law Living Trust Attorney You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate.
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It is usually a good idea to set up an estate account for paying the estate’s final bills and expenses 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 Folsom Probate Law Call Your Folsom,California Probate Attorney Now.
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