What is Probate ?
Probate is the process of deciding where, how and to whom to distribute the decedent’s estate, such as the real property. Estate or Probate Administration may be needed to implement the estate plan your loved one created, or as a result of not creating an estate plan.
If your loved one has not completed an estate plan, the property will go into probate and pass to the heirs in accordance with California intestate succession law. In either case, we can assist the personal representative with leasing out any property, refinancing or obtaining an inheritance advance. Lastly we also help personal representatives sell property in the estate.
If you, a family member, or a friend, have a need for assistance with probating an estate please contact us at telephone number
(949) 485-9427, or send an immediate email inquiry to us at orozcogroup1@gmail.com.
Trust and Probate Terminology
Administrator: A person, or financial institution, appointed by the court to oversee an estate where there is no will. The Administrator is also commonly referred to as the Personal Representative.
Administrator With Will Annexed: A person, or financial institution appointed when the will does no name an Executor or the named Executor cannot serve.
Beneficiary: A person who inherits property because he or she is named in a will or trust, or designated as the recipient upon the death of the owner of an annuity, life insurance policy, qualifed retirement plan or financial account.
Codicil: A document which legally chnages a will through supplement or amendment.
Decedent: A person who has passed away.
Estate: A decedent's total assets, both real and personal, which are managed by the Personal Representative.
Executor: The person named in the will to carry out the directions as set forth in the will. The Executor is also commonly referred to as the Personal Reprsentative.
Heir: A person who inherits through the laws of intestacy when there is no will.
Intestate: Without a will.
Letters of Administration: The court document issued to a person authorizing them to act as the Administrator (no will).
Letters Testamentary: The court document issued to a person authorizing them to act as Executor (named in will)
Personal Representative: A person, or financial institution, appointed to oversee an estate whether as executor, administrator or administrator with will annexed.
Probate: The court process that determines the validity of the will and the supervision of its administration.
Testate: A person who dies with a valid will or trust dies testate and the estate is disposed of according to the will or trust.
Trust: A document that avoids probate which directs the disposition of a person's property after death.
Trust Estate: A decedent's total assets, both real and personal, which are managed by the Trustee.
Trustee: A person, or financial institution, nominated by the creator of a trust to to carry out the directions as set forth in the trust.
Will: A document that requires probate which directs the disposition of a person's property after death.