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Inventory All Assets Most living trusts are �revocable� because you can change them as your circumstances or wishes change Irvine Probate Law 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.
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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 call Irvine Probate Law Estate Planning Attorney additional (949) 812-6934.
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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate Irvine Probate Law Living Trust Attorney Avoiding probate is by far the most common reason why people seek out the advice of an estate planning attorney.
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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 You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate Irvine Probate Law Probate Attorney.
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Then the court will schedule a hearing to approve the executor (or hear objections from other parties) home.
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