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Who is a Personal Representative and What are their Main Duties A long as your premium payment follows the “gifting” guidelines,as explained below,there will be no gift taxes incurred by either you or your beneficiaries Steve Bliss 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 individuals beneficiaries who are identified in his/her revocable living trust.
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No you do not,A will is merely a writing signed by a deceased person In order to get assets transferred out of a deceased person’s name,you will need a court order,hence this is why you go through the probate process The Law Firm of Steven F.Bliss Esq.probate attorney But in terms of who is actually managing the probate,that’s the executor and his or her attorney.
Probate is also unnecessary for assets for which the deceased person named a beneficiary – for example,retirement accounts or life insurance policy proceeds San Diego probate law probate lawyer Can the deceased person’s assets be transferred outside of probate.
As part of the proceeding,you file an inventory and an accounting of the estate The Law Firm of Steven F.Bliss Esq.San Diego probate attorney If a house is owned by two or more people as joint tenants,the other owners have the right of survivorship,which means that they inherit the entire property in their name.
You have a duty to act responsibly and honestly The Law Firm of Steven F.Bliss Esq.probate attorney 3914 Murphy Canyon Rd Suite A202,San Diego,CA 92123.
Hence,your entire financial life is open to review for anyone who wishes to look San Diego probate law probate attorney (858) 278-2800.
I need a probate attorney,should I call San Diego probate law Sometimes,it is not clear who should be estate representative,like,if the will does not name an executor and more than one person has the same priority,or there is a disagreement between heirs as to who should serve,or the person with the higher propriety has a conflict of interest,and many more San Diego Probate Lawyer There’s a greater chance (though still a small one) that the estate will owe a separate state estate tax to the state where the deceased person lived or owned real estate.
A judgment becomes a lien on real estate in any county when a licensed copy of it is recorded in the official records or judgment lien record of that county and runs as a lien for a preliminary duration of ten years from the date of the recording; and the judgment lender might extend the ten years period by complying with Fla San Diego Probate Lawyer probate attorney (858) 278-2800.

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As part of the proceeding,you file an inventory and an accounting of the estate Steve Bliss Law probate attorney ( +1 (858) 278-2800 ).
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Steve Bliss Law probate attorney The term “Personal Representative” is a global definition for either the executor,who is the person that’s named to administer the will,or the administrator who is nominated and is appointed by the court when a person dies without a will.
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The court process can be complicated and if you are trying to probate the will of a loved one,you need an experienced attorney to help you navigate it San Diego probate attorney ( +1 (858) 278-2800 ).
A properly drafted estate planning package avoids the long and costly legal process referred to as probate probate lawyer 3914 Murphy Canyon Rd Suite A202,San Diego,CA 92123.
Did the maker of the will sign it under duress and also were they competent to create one at that time In California,probate takes place in the Superior Court of the State of California So in San Diego,it will be handled in San Diego County Superior Court The Law Firm of Steven F.Bliss Esq.This is called a “fiduciary duty”.
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A qualified domestic trust (QDOT or QDT) can prevent this from taking place In UPC states,most probates are conducted with minimal court supervision A few other states have simplified their procedures without adopting the UPC San Diego Probate Law The more questions you answer with a “yes,” the more likely it is that you can wrap up the estate without a professional at your side.
A valuation is conducted of the decedent’s entire estate San Diego probate law San Diego probate lawyer There’s a greater chance (though still a small one) that the estate will owe a separate state estate tax to the state where the deceased person lived or owned real estate.
A variety of companies provide a big variety of services depending upon your household’s requirements San Diego Probate Law probate attorney A financial planner or professional and an estate planning attorney can help you design a plan that works for your circumstances.
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The Law Firm of Steven F.Bliss Esq.If a particular asset (like a retirement plan,life insurance policy,or a bank account) already has a named beneficiary,that asset goes to the beneficiary (or beneficiaries,if there are more than one) without going to court.
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San Diego probate law Losing a loved one is a sad and difficult time for family,relatives,and friends.
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Steve Bliss Law All wills go to probate unless the total fair market value of assets that need to be probated is less than $150,00000 gross value with no deduction for mortgages or other debts used in calculating that number.
If there is no will,it depends whether the case needs to go to probate court or not.
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A Grantor Retained Annuity Trust,or GRAT for brief,is an unique type of irrevocable trust that permits the Trustmaker/Grantor to gamble versus the odds and,if the Trustmaker/Grantor plays their cards right,then a considerable amount of wealth can be moved down to the next generation for essentially no estate or gift tax dollars San Diego Probate Law San Diego probate lawyer Personal property is all property that is not real,and it can be tangible or intangible.

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As we have explained,there may be simplified procedures available,or it may have to be done formally in probate court The Law Firm of Steven F.Bliss Esq.( +1 (858) 278-2800 ).
When you die,your assets are distributed and your debts paid according to your will if you have one or else according to state laws of intestate succession San Diego probate lawyer 3914 Murphy Canyon Rd Suite A202,San Diego,CA 92123.
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San Diego Probate Attorney San Diego probate lawyer A power of Attorney is a legal file that provides somebody you pick the power to act in your place.
San Diego Probate Law San Diego probate attorney If you break your duty,you may end up being personally responsible for any loss to the value of the estate.
San Diego Probate Lawyer probate lawyer As we have explained,there may be simplified procedures available,or it may have to be done formally in probate court.
What are the different ways an estate can be transferred after someone dies A trust allows an individual or household to designate somebody else,usually a trusted daughter or son,to transfer property after they pass away without the need for a court order The Law Firm of Steven F.Bliss Esq.In California,probate takes place in the Superior Court of the State of California So in San Diego,it will be handled in San Diego County Superior Court.