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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 Notice must be given by first class mail or by personally delivering a copy to each person or entity at least 15 days prior to the hearing Each person should receive a copy of the “Notice of Petition to Administer Estate” showing the hearing date information Mission Beach Probate Lawyers Estate Planning.
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The main reasons for setting up an irrevocable trust are for estate and tax considerations 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) Mission Beach Probate Lawyers 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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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) A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die Mission Beach Probate Lawyers Estate Planning Attorney.
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