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The main reasons for setting up an irrevocable trust are for estate and tax considerations 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 Citrus Heights Probate Law Estate Planning Attorney.
Our Law Practice Areas Citrus Heights Probate Law 7649 Sunrise Blvd.STE: M,Citrus Heights,CA 95610 Estate Planning Lawyer Most living trusts are �revocable� because you can change them as your circumstances or wishes change.
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 Citrus Heights Probate Law Trust Attorney In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
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ATTORNEY PROFILE Citrus Heights Probate Law Estate Planning A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die.
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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 google rating Citrus Heights Probate Law Call us now: (916) 596-3435.
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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate Over 30 Years of Experience Citrus Heights Probate Law Living Trust Attorney.
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Citrus Heights 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 If additional space is needed,attach a separate page File the signed Proof of Service by Mail with the court Citrus Heights Probate Law Estate Planning.
You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims close.
Inventory All Assets 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 Citrus Heights Probate Law 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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Also review any outstanding bills and debts and decide whether/how they must be paid.
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