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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 use.
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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 Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Trust Lawyer Call us now: (949) 812-6934.
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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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Notwithstanding,a revocable living trust with proper estate planning is the solution.

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It includes locating and determining the value of the decedent�s assets,paying his final bills and taxes,then distributing the remainder of the estate to his rightful heirs or beneficiaries.
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