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A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die.
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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 Notwithstanding,a revocable living trust with proper estate planning is the solution Irvine Probate Law Steve Bliss.
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).
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It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments sensible.
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Estate Planning Attorney 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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Irvine Probate Law Trust Attorney Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one.
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Estate planning isn�t about the end of life,it�s about preserving the life you love When a loved one or family member dies with just a Will,or no estate plan at all,his or her family is needed to put the estate through a court-managed process called probate The main reasons for setting up an irrevocable trust are for estate and tax considerations Irvine Probate Law Satisfy Bills & Debts.
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It is usually a good idea to set up an estate account for paying the estate’s final bills and expenses 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) Irvine Probate Law Visit Google Here.
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Living Trusts Irvine Probate Law Estate Planning Attorney Most living trusts are �revocable� because you can change them as your circumstances or wishes change.

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