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You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims Irvine Probate Law (949) 812-6934 Estate Planning Attorney The main reasons for setting up an irrevocable trust are for estate and tax considerations.
Get assistance with the onerous process of California probate and help counsel you and your family when a loved one has recently passed away 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 Irvine Probate Law Living Trusts.
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Irvine Probate Law Living Trusts Check to make sure that all of the persons and entitles listed on Attachment 8 of the Petition for Probate have been given notice.
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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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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 more.

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