Looking for a road map to estate administration? An experienced attorney explains seven California will provisions that can help.
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Administering an estate in San Diego that contains real estate may require dealing with an outstanding mortgage. Consider these five possible outcomes.
During a probate administration the personal representative must file an inventory. An inventory can be partial, supplemental, final, or corrected.
During the administration of an estate, the trustee or personal representative must protect the assets. Several insurance policies may be required.
Typically, an estate is not closed until all assets have been distributed. If assets are discovered later, it is important to handle them properly.
At the start of the probate process, you must submit a petition that for review by a probate examiner. The examiner will provide notes regarding the petition.
Some people place real estate in an LLC when creating their estate plan. During the estate administration, certain actions must be taken.
A power of attorney is a common aspect of a basic estate plan. This document may be used when the individual is incapacitated in order to administer his estate.
While a will and a trust are both useful estate planning tools, they are not the same thing. During administration it is important to understand the difference.
Estate administration responsibilities may arise if a loved one is unable to care for himself or manage his finances. You will need to be appointed probate conservator.