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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 Most living trusts are �revocable� because you can change them as your circumstances or wishes change Folsom Probate Law Steve Bliss.
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Folsom Probate Law Estate Planning Lawyer 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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The significant loss of a decedent’s estate for the payment of attorney fees,executor compensation and court costs is a great motivator to put together a great estate plan Stocks and bonds Folsom 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).
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If you�re approved as executor,the court will officially open the probate case and you will now be able to act on behalf of the deceased�s estate.
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