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Collect money owed to the estate,such as outstanding paychecks and rents.
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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.
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You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate Most living trusts are �revocable� because you can change them as your circumstances or wishes change Citrus Heights Probate Law Steps Of The Probate Process.
Collect,inventory and appraise all assets that are subject to probate and present them to the court,such as: Inventory All Assets Citrus Heights Probate Law In the case of a small estate,or if the decedent left his assets in trusts or gifted them prior to his death,probate may not be necessary.
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