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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 his/her revocable living trust part steveblisslaw com Estate Planning Lawyer Memorial

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02 Tenants-In-Common Property Tenant-in-common assets include property titled in the decedent’s name as a tenant-in-common with one or more other individuals steveblisslaw com Trust Attorney It has no legal authority of its own and is not a separate legal entity,it is merely a statement of your intent and therefore it must be administered through the Probate Court in order for it to gain full legal status for estate administration purposes.

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The best approach to stay away from probate is to get a full home arrangement set up with a Revocable Living Trust being the focal point of that bequest plan involve steveblisslaw com Probate Lawyer Pacific Highlands Ranch (858) 278-2800.
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An estate plan will cost you far less in the long run than dying intestate,so get started with your estate plan today In most cases,this process may be as simple as filling out Firms required by the bank steveblisslaw com And in extreme cases,the court could mandate that your children become wards of the state.
Once the probate process has been started and an executor appointed,the executor should apply to the Internal Revenue Service (IRS) for an employer identification number (EIN) for the estate Hillcrest.