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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 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 Rocklin Probate Law Contact Rocklin Probate Law for revocable living trusts,and last will and testaments.
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Then the court will schedule a hearing to approve the executor (or hear objections from other parties) avoid.
You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims The main reasons for setting up an irrevocable trust are for estate and tax considerations Rocklin Probate Law Most living trusts are �revocable� because you can change them as your circumstances or wishes change.
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Collect money owed to the estate,such as outstanding paychecks and rents It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments Rocklin Probate Law 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.

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