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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 You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate Irvine Probate Law Stocks and bonds.
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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 Notwithstanding,a revocable living trust with proper estate planning is the solution Irvine Probate Law Trust Attorney.
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Once everything has been distributed,you will submit receipts and records of everything to the court and then ask for the estate to be closed and to be released from the role of executor 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 Probate Attorney.
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