Los Angeles Probate Lawyer, Mina Sirkin advises clients regarding probate requirements in Los Angeles, California.
Transfer of a deceased person's assets can occur in several different manners: 1) By Probate Administration; 2) By Trust Administration; or 3) By passing by Contract/joint tenancy or Beneficiary Designation. Each method has different requirements and rules.
The Probate Administration process insures that notice is given to the appropriate persons, and creditors of the decedent are adequately protected before assets of the decedent are distributed. Distribution of assets of a deceased person is then done either according to instructions in a will, or by California's intestacy rules, if there is no will. Probate is a time-consuming process and in most cases can be avoided, if there is a living trust.
Trust Administration is similar to probate administration, except that it generally does not involve the courts, unless there is litigation or questions regarding the rights of beneficiaries or duties of the trustee. Creditors are also given notice during the trust administration period and are afforded rights to file claims. Trust distributions are done informally and simply by notice to the potential beneficiaries who can review an informal accounting.
For information on Los Angeles Probate requirements, contact Mina Sirkin, Los Angeles Probate Lawyer. Ms. Sirkin is Certified as a Specialist lawyer in Estate Planning, Probate and Trust Law, in Los Angeles, California. 818-340-4479. http://www.SirkinLaw.com
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