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Estate planning isn�t about the end of life,it�s about preserving the life you love When a loved one or family member dies with just a Will,or no estate plan at all,his or her family is needed to put the estate through a court-managed process called probate.
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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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate In addition to the petition,you will need to file a valid will,if one exists,and the death certificate Folsom Probate Law Talk to us we’re here to help.
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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 Folsom Probate Law Estate Planning 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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