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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).
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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You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims system.
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.
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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate Irvine Probate Law Estate Planning Lawyer Most living trusts are �revocable� because you can change them as your circumstances or wishes change.
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.