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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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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.
With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs Effectively resolved probate or trust administration also requires expert accounting and tax preparation Irvine Probate Law The Law Firm of Irvine Probate Law has been decidedly focused on Probate As such,Attorney Steve Bliss is an effective and dedicated probate lawyer that believes no one should be forced to expose their family wealth and misfortunes in the PROBATE courts.
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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 41 Corporate Park,Irvine,CA 92606 Estate Planning Collect money owed to the estate,such as outstanding paychecks and rents.
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