What are the assets in the deceased person’s estate and how will the appointed Personal Representative go about discovering, identifying, and taking possession and control of the decedent’s assets so that they can be used to pay the taxes, creditors claims, and expenses of administration and ultimately distributed to the estate beneficiaries.
Can a deceased Person’s Estate escape debts and taxes? Yes and no… Here’s the skinny on what to do and how to do it. Includes is a warning to the personal representative that the debts and taxes of the decedent can be a time bomb waiting to happen and can throw a monkey wrench in the timing and distribution of the estate.
A Probate Conservatorship is a court proceeding to protect a person and/or his or her property. Conservatorships are regulated by the California probate code and operate under the supervision of the probate court system. Petition for Appointment of Probate Conservator can be denied by the court for many reasons including credit worthiness.