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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 letter.
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A Boutique Law Firm Helping Plan For Your Family’s Future It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments Irvine Probate Law 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.
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Also review any outstanding bills and debts and decide whether/how they must be paid Irvine Probate Law Trust Attorney Probate laws can vary from state to state.
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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
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Most living trusts are �revocable� because you can change them as your circumstances or wishes change.
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You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate.
If you�re approved as executor,the court will officially open the probate case and you will now be able to act on behalf of the deceased�s estate.
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Steve Bliss Location 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 Irvine Probate Law With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs.
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