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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 Avoid Probate Fees & Costs Citrus Heights Probate Law The paperwork will ask for you to be officially acknowledged as the legal executor representing the estate.
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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.
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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 You will need to file a request in the county where the deceased person lived at the time of their death Citrus Heights Probate Law Living Trust Attorney.
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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) administrator.
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The paperwork will ask for you to be officially acknowledged as the legal executor representing the estate.
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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate File Petition To Begin Probate Citrus Heights Probate Law Personal effects.
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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.
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Collect,inventory and appraise all assets that are subject to probate and present them to the court,such as:.
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Retirement accounts File Petition To Begin Probate Citrus Heights Probate Law 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.