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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 The main reasons for setting up an irrevocable trust are for estate and tax considerations Irvine Probate Law Satisfy Bills & Debts.
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Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one.
In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one.
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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.
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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 Call Your Irvine,California Probate Attorney Now Irvine Probate Law Living Trust Attorney.
Irvine Probate Law can handle all meetings or interactions with beneficiaries to fix issues and explain the workings of the trust which can be time consuming,challenging,if not downright exhausting.
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