To inventory the estate, pay off the debts and taxes of the estate from the assets and execute the will. Complete records and accounting must be kept and submitted to the court.
California is the same as other states. They have a fiduciary duty to preserve the value of the estate. A complete inventory and valuation of the assets must be completed. They must resolve debts and...
They have a fiduciary duty to preserve the value of the estate. A complete inventory and valuation of the assets must be completed. They must resolve debts and bills and pay all taxes due. Then they...
The first is to value the estate and inventory all the assets. The next is to identify all of the creditors. Then provide a plan to the court as to how the debts will be settled. They also have to...
To follow the laws of intestacy for the state. they will have all the normal responsibilities, valuation of the estate, paying debts and taxes and distributing the remainder. They will have to make a...
After the death of the testator the executor must submit the will for probate. Once appointed by the court, the executor must pay the debts of the decedent, and settle the estate according to the...