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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 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 Irvine Probate Law Then the court will schedule a hearing to approve the executor (or hear objections from other parties).
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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 Close The Estate Irvine Probate Law Living Trust Attorney.
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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.
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