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Come visit us at our Probate Law offices in Citrus Heights,CA Citrus Heights Probate Law Living Trusts 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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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 additional.
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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 This may require some sleuthing on your part You might need to go through checkbooks,emails and/or bank account to gather information Citrus Heights Probate Law Most living trusts are �revocable� because you can change them as your circumstances or wishes change.
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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate.
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 Citrus Heights Probate Law Estate Planning Probate laws can vary from state to state.
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Also review any outstanding bills and debts and decide whether/how they must be paid.
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In the case of a small estate,or if the decedent left his assets in trusts or gifted them prior to his death,probate may not be necessary more.