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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 With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs Roseville Estate Law Probate Lawyer.
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Retirement accounts Roseville Estate Law (916) 258-6215 Living Trust Attorney 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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You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims Roseville Estate Law Estate Planning In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
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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 If additional space is needed,attach a separate page File the signed Proof of Service by Mail with the court Roseville Estate Law Estate Planning Lawyer.
It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments include.
Once everything has been distributed,you will submit receipts and records of everything to the court and then ask for the estate to be closed and to be released from the role of executor.
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