PROBATE ADMINISTRATION
Will
A will designates who the decedent would like to be his or her beneficiaries and who the decedent would like to be in charge of his or her estate (executor). It also sets forth which assets go to which beneficiary. A will must be logged with the court. The court will appoint the executor and supervise the distribution of assets. The process takes a minimum of nine (9) months and most often takes longer.
Oldman, Cooley, Sallus, Birnberg & Coleman, L.L.P. can guide the executor through the probate administration process from appointment of the executor to the distribution of assets to the beneficiaries.
Trust
If a decedent dies without a will or a trust, the assets of his or her estate must go through the process of court administration. The process takes a minimum of nine (9) months and frequently takes longer. The court appoints the person who will be in charge (administrator). The court distributes the decedent’s assets to beneficiaries who are determined by the laws of the State of California, NOT pursuant to what the decedent may have wanted.
No Estate Plan
If a decedent dies with a will or a trust, the assets of is estate must go through the process of court administration. The process takes a minimum of nine (9) months and frequently takes longer. The court appoints the person who will be in charge (administrator) The court distributes decedent’s assets to beneficiaries who are determined by the laws of the State of California, NOT pursuant to what the decedent may have wanted.
Oldman, Cooley, Sallus, Birnberg & Coleman, L.L.P. will guide the administrator through the process of probate under these circumstances.