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Inventory All Assets You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims Citrus Heights Probate Law The significant loss of a decedent’s estate for the payment of attorney fees,executor compensation and court costs is a great motivator to put together a great estate plan.
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You will need to file a request in the county where the deceased person lived at the time of their death Notice must be given by first class mail or by personally delivering a copy to each person or entity at least 15 days prior to the hearing Each person should receive a copy of the “Notice of Petition to Administer Estate” showing the hearing date information 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.

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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 The main reasons for setting up an irrevocable trust are for estate and tax considerations 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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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 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 Citrus Heights Probate Law With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs.
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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