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Notice must be given by first class mail or by personally delivering a copy to each person or entity at least 15 days prior to the hearing Each person should receive a copy of the “Notice of Petition to Administer Estate” showing the hearing date information You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims Mission Beach Probate Lawyers Living Trust Attorney.
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Then the court will schedule a hearing to approve the executor (or hear objections from other parties) 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 Mission Beach Probate Lawyers Estate Planning Attorney.
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The main reasons for setting up an irrevocable trust are for estate and tax considerations Mission Beach Probate Lawyers 757 Thomas Ave,San Diego,CA 92109 Estate Planning Lawyer 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.
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