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You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate.
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A trust administration is NOT a court-supervised process,yet its ultimate goal is also the transfer of property from an individual who has died (the �decedent”) to that individual�s beneficiaries who are identified in the living trust.
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It is usually a good idea to set up an estate account for paying the estate’s final bills and expenses Roseville Estate Law 3017 Douglas Blvd,Ste 301 Roseville,CA 95661 Probate Attorney You’ll also need to pay all applicable taxes,as well as file a final income tax return on the estate.
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