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A valuation is conducted of the decedent’s entire estate San Diego probate law San Diego probate lawyer There’s a greater chance (though still a small one) that the estate will owe a separate state estate tax to the state where the deceased person lived or owned real estate.
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Their “estate” is the property they owned when they died There is main probate and ancillary probate San Diego Probate Law If a particular asset (like a retirement plan,life insurance policy,or a bank account) already has a named beneficiary,that asset goes to the beneficiary (or beneficiaries,if there are more than one) without going to court.
If the case has to go through a formal probate court case,then the court appoints an administrator to be the estate representative.
Make sure you are doing all you need as estate representative to take care of the estate and help make sure it gets distributed correctly.
In addition,the names and addresses of your relatives or beneficiaries are listed so that unscrupulous business people and con artists can contact them to try to swindle them San Diego Probate Lawyer probate attorney Until the property goes to the right beneficiary,you are responsible for managing it in everyone’s best interests.
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San Diego Probate Lawyer probate lawyer If,however,your initial investigation reveals that there may not be enough money in the estate to pay debts and taxes,don’t pay any bills before you get legal advice.