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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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 decide.
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It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments.
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The main reasons for setting up an irrevocable trust are for estate and tax considerations Irvine Probate Law 41 Corporate Park,Irvine,CA 92606 Estate Planning Attorney 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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