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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 part.
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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 The main reasons for setting up an irrevocable trust are for estate and tax considerations Rocklin Probate Law Living Trust Attorney.
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