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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 With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs Roseville Estate Law Avoiding probate is by far the most common reason why people seek out the advice of an estate planning attorney.
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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 Roseville Estate Law 3017 Douglas Blvd,Ste 301 Roseville,CA 95661 Trust Lawyer 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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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.