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You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate.

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The probate process can be stressful Why add to it with driving in traffic and parking Folsom Probate Law Living Trust Attorney 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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Check to make sure that all of the persons and entitles listed on Attachment 8 of the Petition for Probate have been given notice Also review any outstanding bills and debts and decide whether/how they must be paid Folsom Probate Law Probate Attorney.
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The paperwork will ask for you to be officially acknowledged as the legal executor representing the estate This may require some sleuthing on your part You might need to go through checkbooks,emails and/or bank account to gather information Folsom Probate Law Most living trusts are �revocable� because you can change them as your circumstances or wishes change.
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