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With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs Also review any outstanding bills and debts and decide whether/how they must be paid Irvine Probate Law Living Trusts.
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Collect,inventory and appraise all assets that are subject to probate and present them to the court,such as:.
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The significant loss of a decedent’s estate for the payment of attorney fees,executor compensation and court costs is a great motivator to put together a great estate plan 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) Irvine Probate Law Estate Planning.
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Irvine Probate Law Probate Lawyer In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
You will need to file a request in the county where the deceased person lived at the time of their death call.
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It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments 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 Irvine Probate Law You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate.