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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 Collect,inventory and appraise all assets that are subject to probate and present them to the court,such as: Citrus Heights Probate Law 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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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 This may require some sleuthing on your part You might need to go through checkbooks,emails and/or bank account to gather information Citrus Heights Probate Law Most living trusts are �revocable� because you can change them as your circumstances or wishes change.
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Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate 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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Inventory All Assets 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 Citrus Heights Probate Law Probate Lawyer.
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Get assistance with the onerous process of California probate and help counsel you and your family when a loved one has recently passed away Citrus Heights Probate Law Estate Planning Attorney 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.

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If additional space is needed,attach a separate page File the signed Proof of Service by Mail with the court process.
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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 Check Out Our YELP Reviews Citrus Heights Probate Law Make sure your estate planning documents are handled with care.
Then the court will schedule a hearing to approve the executor (or hear objections from other parties).