It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments Protect yourself and future generations with proper estate planning Fair Oaks Probate Law Living Trust Attorney.
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This may require some sleuthing on your part You might need to go through checkbooks,emails and/or bank account to gather information 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 Fair Oaks Probate Law Estate Planning Attorney.
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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 You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims Fair Oaks Probate Law Collect money owed to the estate,such as outstanding paychecks and rents.
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With all claims,debts and expenses paid,you’ll give the remaining property to the rightful heirs and/or as the will directs Estate Planning Fair Oaks Probate Law 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).
Distribute Remaining Assets Fair Oaks Probate Law Trust Attorney Collect money owed to the estate,such as outstanding paychecks and rents.
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Bank accounts In addition to the petition,you will need to file a valid will,if one exists,and the death certificate Fair Oaks Probate Law Collect,inventory and appraise all assets that are subject to probate and present them to the court,such as:.