there are some questions San Diego trustees, executors and administrators ask time and time again. If you’re a San Diego trustee, executor or administrator you likely have some of these same burning questions.
The San Diego probate real estate is often the most valuable asset held in the San Diego probate. As the San Diego executor or the San Diego administrator of a loved one’s estate it can be extremely overwhelming.
As the person that is legally obligated to carry out the wishes of your loved one, your responsibilities are frequently sensitive and can become complex and time-consuming.
Frequently calls come in from San Diego probate executors and administrators, and one of their most common question is: how much will this San Diego probate cost? This is a great time to give basic answers to the question, and links so that you can get updated and accurate information.
During the decedent’s life, the trust is typically revocable and taxes are paid by the grantor as an individual using the grantor’s SSN (social security number). When the grantor passes away, the living trust then becomes irrevocable and the San Diego successor trustee will pay the decedent’s taxes via an EIN instead of the SSN.
As the San Diego trustee, San Diego executor or administrator, you’ll be “pressing the easy button” because this can be done over the phone in just a few minutes or by sending an email with the information to complete a valuation for your loved one’s San Diego home.
When becoming responsible for a loved one’s San Diego probate real estate, you may have heard your San Diego probate attorney talk about a Notice of Proposed Action (NOPA). The notice must be in writing, and sent to the interested persons, the heirs or beneficiaries, or anyone or any entity, requesting special notice of the San Diego probate proceeding.
Traveling to California when responsible for a San Diego probate home in no simple thing. We all have our own busy lives, our own family, and all the responsibilities that come along. Some planning ahead will make the time once at the home in a San Diego probate easier.
Experience shows that once cherished mementos are collected along with items of financial value, the remaining 90 percent of a loved one’s belongings in the San Diego probate will need to be addressed.
San Diego probate clients have shared with me how they get waylaid by emotion and the responsibility for wanting to do the right thing with their parent’s lifetime of treasures and possessions.