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Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one Living Trusts Folsom Probate Law 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 main reasons for setting up an irrevocable trust are for estate and tax considerations 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 Folsom Probate Law Probate Attorney.
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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate Most living trusts are �revocable� because you can change them as your circumstances or wishes change Folsom Probate Law Trust Lawyer.

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Some assets are distributed to heirs by the court (probate assets) and some assets bypass the court process and go directly to your beneficiaries (non-probate assets).
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If you�re approved as executor,the court will officially open the probate case and you will now be able to act on behalf of the deceased�s estate Call us now: (916) 358-7375 Folsom Probate Law You will need to file a request in the county where the deceased person lived at the time of their death.
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Avoiding probate is by far the most common reason why people seek out the advice of an estate planning attorney designate.