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Free No Obligation Thirty Minute Consultation Get assistance with the onerous process of California probate and help counsel you and your family when a loved one has recently passed away Irvine Probate Law 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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It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments The main reasons for setting up an irrevocable trust are for estate and tax considerations Irvine Probate Law Probate Lawyer.
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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 Estate Planning Estate Planning Law Experience of Over Thirty Years.
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