Probate code 13050 Form 2014-2024

Probate code 13050 Form: What You Should Know

Informal Estate Planning for People with Limited Income (Guide for People with Limited Income: How to Deal with Debts and Finances that may become a Contingent Obligate).  The executor of the decedent's estate shall provide an inventory of all property owned and to which the decedent had a legal right to access. The inventory of the  decedent includes, but is not limited to, information such as the name and address of each owner, the name, last known whereabouts, and the  value of each property owned at the date of death. The probate authorities of the county in which the estate is located shall be notified at  the death of the decedent. These probate authorities shall have the authority to order the sale of all properties including and  except real and personal property deemed by them to be in need of management. The probate authorities of the county in which the property is located shall review property to be sold and shall  not resell any property to a beneficiary or to any other person. (d) The probate court has the authority to take into trust or sell any property owned by the decedent before his or her death.  If trust property is sold, the probate court shall make a record of the sale and notify the decedent's beneficiaries and provide a list of property to be  taken out of trust. (e) After the value of all property sold pursuant to subdivision (d) exceeds 186,600, property in trust under this  part shall be distributed according to this Part. (f) Any estate tax levied after the death of the decedent will be paid by the probate court in the same  terms and manner as if the tax had never been levied. Part 3 Property To Be Acquired (1) The executor of the estate shall acquire all property needed to maintain the estate until the end of  the probate proceedings, except for a reasonable amount that may be spent on an education for the decedent. (2) The assets will be distributed as follows: (a) If cash is distributed under subdivision (1)(a), the executor shall, after the distribution, pay the cash on the  deceased's behalf.

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