Posts tagged "Estate Administration And Probate"

Probating an estate here in California

If you are the administrator of a friend or relative's estate, you will need to familiarize yourself with the probate process. If the decedent had a trust in place at the time of their death, you may be able to sidestep the probate process. Otherwise, you will have to deal with the California probate courts to settle their affairs.

Don't forget about your deceased loved one's credit reports

When a loved one passes away, family members often don't worry about their credit report. However, if you're the executor of an estate, among your many responsibilities is notifying the three major credit bureaus of that person's death.

Common (and avoidable) estate administration mistakes

You may have been flattered when you were asked by a loved one or friend to be the executor for their estate. However, now that they've passed away and it's time to get to work, the responsibility seems overwhelming.

Sentimental items have a subjective value

When dividing an estate, it is often easiest for children to simply auction off minor assets and possessions that they do not need and that no one really wants. They can then split the money up evenly and ensure that everyone actually gets the same value out of those assets.

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