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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 Irvine Probate Law (949) 812-6934 Estate Planning Attorney The main reasons for setting up an irrevocable trust are for estate and tax considerations.
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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 Irvine Probate Law Probate Lawyer With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs.
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Probate Lawyer 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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