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The court grants the legal authority necessary to administer your estate to your executor if you have a will,or if you don’t have a will,the court will appoint an administrator for you,such as a family member or private fiduciary.
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But in many states,even estates that are fairly large – not counting nonprobate assets – can use the simpler processes A revocable living trust is created for the purpose of preventing probate procedures Escondido probate law If someone dies without a will,the law gives a priority list for who should be the administrator.
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A trust,however,has actually named beneficiaries Escondido Probate Law estate planning forms A financial planner or professional and an estate planning attorney can help you design a plan that works for your circumstances.
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That’s what confuses people; they think the existence of a will means there’s no probate,but the fact is,you really can’t do much with the will without the judge’s court order Escondido Probate Law trust 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 individuals beneficiaries who are identified in his/her revocable living trust.
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